Michael Sardar presented, "Oops! I Forgot to Tell You About My Foreign Assets! Now Where Do We Go From Here?" at the 2016 AICPA/AAML National Conference on Divorce.
Over the past few years, the IRS and the Department of Justice have been relentlessly focused on ending offshore tax evasion. They have used their various powers to find taxpayers with unreported foreign assets, prosecute or civilly penalize such taxpayers, and encourage other taxpayers to voluntarily come forward and report undeclared foreign assets. Hidden foreign assets often come to the surface in the context of a matrimonial action. Dealing with such assets and the unique issues they raise within a matrimonial action requires careful consideration of the civil and criminal consequences of maintaining undeclared foreign assets.
The 2016 AICPA/AAML National Conference on Divorce was a 3-day event from May 18th to May 20th, 2016 in New Orleans, LA. Mr. Sardar presented this engaging topic on May 19th at 10:45am.