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Revision as of 13:39, 22 August 2026
Offshore tax evasion is crime in several onshore countries and includes jail time so it always be avoided. On another hand, offshore tax planning is Not a crime.
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During an audit, it's really not advisable to actually try to represent oneself. The IRS is a well meaning agency, and just wants to guarantee all tax payers meet their obligations because song would be unfair for those who try very best to pay their taxes if you've got away without requiring paying your own property. However, the auditing process itself can be pretty formidable to the alleged tax evader. If you're proven guilty, you may be asked to up to 100% in the taxes you've failed to fund in previous. That's a huge sum which can drive you to bankruptcy.
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