Tuesday, April 14, 2015
DOJ Tax Press Release Warning of Consequences of Not Reporting and Paying Tax (4/14/15)
DOJ Tax issued this press release yesterday. Justice Department Reminds Taxpayers that No One Is Above the Law or Below the Radar (DOJ Tax 4/13/15), here. In the press release, DOJ Tax warns taxpayers of the legal risks of not properly reporting and paying taxes and trots out examples of ordinary taxpayers being prosecuted and punished. This press release is not directed specifically to the offshore account phenomenon, probably since DOJ Tax has proclaimed the offshore initiative often and the overwhelming majority of taxpayers facing the April 15 deadline do not have offshore accounts . But, of course, the point is that tax evasion is the problem whether ordinary / onshore or through offshore accounts.
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