Avoiding Civil Penalties for Failure to Make a Maryland Offshore Voluntary Disclosure
Posted in News, Offshore Account Update on July 31, 2019
Offshore account holders who are also U.S. taxpayers have many reporting requirements for those accounts. These offshore accountholders also face significant civil penalties for failing to make these disclosures. If these taxpayers do not avail themselves of the IRS offshore voluntary disclosure programs, they could be in severe financial trouble.
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