According to the Christian Science Monitor, you've got to give Wesley Snipes some credit. He really must think the US government and the IRS are stupid if he believes they'll accept his appeal and overturn his recent conviction on tax evasion charges and the subsequent three year jail term. But, according to Wesley Snipes, it wasn't his fault he didn't file his taxes. No, he didn't really mean not to pay taxes, he was just "stupid" (or as Snipes put it, "unschooled in the science of law and finance") when he followed the advice of an anti-tax group and refused to file his tax returns. And now he wants a new trial.
Well, to say the least, offshore banking has immense potential. If you're one of those who change job or the city quite frequently, then this perhaps fits your bill the best. You can keep your bank constant even if you're on the move. Wherever you go, you will always have an access to your money and your bank account through offshore banking. If you use any specific bank in one country, you may find it difficult to access your money abroad or may have to unwillingly pay charges on every transaction. You may also not be able to reach your account in some countries. Offshore banking takes care of all these and ensures your money anytime anywhere.
The point of the IRS Offshore Voluntary Disclosure Program is to go after people who have been ignoring the rules and failing to report the money in their offshore banks. So, they're not just focused on who's breaking the law right now. Instead, they're looking for anyone and everyone who Go To My Blog has taken advantage of the system -- even if it was a few years ago.
Other scams being used that slightly differ from the above are the emails from a certain son, daughter, or wife. These follow the same pattern more or less. It starts with a terrible accident where their father / husband have been tragically killed with a huge fortune in an offshore bank account. They need your help and bank details so that they can transfer millions of US Dollars into your bank so that they can get hold of it.
The IRS Offshore Voluntary Disclosure Program allows investigators to go back eight years. So, if you don't have the documents to prove you followed the rules eight years ago, you can be punished for it now. Do yourself a favor, and hang onto everything!