From the Tax Law Offices of David W. Klasing - CFO of Offshore Company Sent to Federal Prison over Undisclosed Foreign Accounts and Unreported Offshore Income
For instance, low-income earners might engage in tax evasion by underreporting their income or overstating deductions to minimize tax liability.
- For instance, low-income earners might engage in tax evasion by underreporting their income or overstating deductions to minimize tax liability.
- In 2023, a former offshore Chief Financial Officer, "CFO" received an 86-month prison sentence for concealing assets and income from tax authorities.
- After Coutts Bank made an initiative to comply with U.S. tax reporting requirements, The offshore CFO moved the funds to Hyposwiss.
- However, in the years that followed, the offshore CFO continued to mislead his accountant regarding his foreign accounts.