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Time to Come Clean: Attorney Warns About the Price of Unreported Foreign Bank Accounts

As seen in this article, "It may be time to come clean — if it’s not already too late.

That’s the advice Newark attorney Lawrence Horn is giving to people who have money in Israeli (and other overseas) bank accounts, but have neglected to report it on their tax forms.

Since 2008, the U.S. government has been cracking down on holders of foreign bank accounts. ...

'Once the bank gives your name to the IRS, you’re disqualified' from entering the disclosure program, Horn said. 'If you’re under an audit, under examination, or the bank has disclosed your name, you can’t enter the program.'"

» Link to Article in The Jewish Standard

© Copyright 2021 Sills Cummis & Gross P.C.National Law Review, Volume III, Number 87
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About this Author

Lawrence Horn, Business Crimes lawyer, Tax litigation attorney, Sills Cummis Gross
Member

Lawrence S. Horn is Chair of the Firm’s Business Crimes and Tax Litigation Practice Groups.  Mr. Horn received his B.A. from Princeton University and his J.D. from New York University School of Law.  He was an Assistant United States Attorney for the District of New Jersey from 1971-1978 where he specialized in tax fraud prosecutions.  Since 1979, his practice has consisted of defending companies and individuals who are the targets of federal white collar criminal investigations with a special emphasis on criminal tax...

973-643-5484
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