Offshore and Foreign Bank Accounts

Robert E McKenzie Appearance on Bloomberg News

Video of Robert E. McKenzie Bloomberg interview regarding offshore accounts Click here Custom Search

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IRS Offshore Account Holders

IRS & Offshore Account Holders

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IRS Aggressively Pursuing Offshore Accounts

IRS will step up its efforts to find Americans utilizing tax haven banks. Since September 11 the U. S. Financial Crimes Enforcement Network has developed a coordinated program to find money laundering, foreign banking activity, and tax evasion. In most white collar crime cases the Justice Department offers plea bargains to individuals like Birkenfeld in return for cooperation in charging others involved in illegal activity. Therefore with increased resources being allocated to seeking out foreign bank activities by Americans we can anticipate will the first of many bankers who cooperate to reduce their potential jail time.

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