IRS Offshore Compliance & Enforcement Efforts: 2017 and Beyond
Since 2007, the Internal Revenue Service, in partnership with the U.S. Department of Justice, has pursued offshore tax evaders and those in the banking and professional communities that promote, facilitate and enable their activities. These efforts have resulted in more than 100,000 persons with offshore accounts being identified, more than $10 billion in additional taxes being collected and wholesale changes the business of offshore finance.
This session will look at the latest developments in IRS's ongoing efforts to identify and collect taxes from U.S. taxpayers with undeclared offshore accounts and financial arrangements, as well as the efforts undertaken to prosecute and penalize those that assist such taxpayers. Also among the topics discussed will be current and future IRS initiatives, and what may be coming next.
Program Manager, Offshore Compliance Initiative, IRS (Minnesota)
Carolyn A. Schenck
Senior Counsel, Office of Chief Counsel, IRS (Los Angeles)
Founder, Offshore Compliance & Enforcement Consulting Group & Retired Senior Advisor, IRS Offshore Compliance Initiative (New Jersey)
Retired Special Trial Attorney, IRS (Virginia)