Promoters of offshore tax shelters claim to provide significant tax benefits and asset protection for United States taxpayers by establishing entities in the "tax havens" of the World. Many promoters of offshore tax shelter programs encourage unsuspecting individuals to assign income to offshore corporations or bank accounts located in the Caribbean and other countries. The money assigned offshore is later retrieved through the use of offshore credit or check cards or other offshore financial arrangements to avoid paying taxes. Unfortunately, many of these plans are nothing more than tax schemes which benefit only the promoters financially. Worse yet, in many cases these offshore plans result in potentially disastrous consequences that could result in massive civil monetary penalties and criminal penalties.

The attorneys at the Law Offices of Stephen Moskowitz, LLP have experience in representing and advising individuals who have been involved in offshore tax shelters. We can represent individuals before the Internal Revenue Service and State to attempt to potentially mitigate their exposure to any criminal or civil penalties that may arise from their involvement in an offshore arrangement. We can also advise taxpayers regarding their potential liability in any offshore transaction that they may have taken part in or are considering entering.