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Offshore Banking

The TWAG team has decades of combined experience representing whistleblowers who have found evidence of undisclosed offshore banking.

Although there is nothing illegal about creating an offshore account, it is illegal when an account is opened with the intent to evade U.S. taxes. Taxpayers are required to report their offshore accounts to the IRS through a Report of Foreign Bank and Financial Accounts (“FBAR”) and the Foreign Account tax Compliance Act (“FATCA”) requires that banks report the activity of American taxpayers to the IRS or face potential fines.

If you are aware of a taxpayer individual or business who has failed to meet their reporting obligations and are intentionally concealing assets in offshore accounts, contact our team for a consultation to discuss your options.