DOJ Reveals: Eight Offshore Banks Under Grand Jury Investigation

Grand Jury investigations are generally kept secret, but it has become clear that the Department Of Justice (“DOJ”) has eight more offshore banks now under formal grand jury investigations. The DOJ has not provided the public with the names of the alleged banks but it has been rumored that the agency has strong evidence against the banks in regards to conduct and/or information concerning taxpayers with undisclosed offshore accounts.  
 
Even though the deadline for the IRS’s 2011 Offshore Voluntary Disclosure Initiative has expired, U.S. taxpayers with undisclosed offshore accounts still have the opportunity to come forward through the IRS’s traditional Voluntary Disclosure Program before the banks hand over information concerning their undisclosed offshore accounts.

The attorneys at Thorn Law Group have experience in assisting U.S. taxpayers into compliance through the 2011 IRS Voluntary Disclosure Program. If you have an undisclosed offshore account contact Thorn Law Group now before it's too late!

For a consultation, contact Kevin E. Thorn, Managing Partner, at ket@thornlawgroup.com or (617) 692-2989