There are many people who have legitimate reasons for opening and maintainingforeign bank accounts. While there is nothing wrong with opening an offshore account, there is a problem with inaccurately reporting or failing to report such accounts to the IRS.
The necessary tax forms are not always clear and understandable, and reporting inaccurate information can be seen as a criminal offense.
The Florida offshore bank account attorneys at the Law Offices of Horwitz & Citro, P.A. do not want anyone, their clients especially, to face criminal charges for an honest mistake. If you have offshore bank accounts, call Mark L. Horwitz for information on reporting those accounts to the IRS.