IRS Going After Offshore Debit Cards With John Doe Summons
PYMNTS
JANUARY 26, 2017
that may have offshore accounts created by Panamanian company Sovereign Management & Legal LTD. that received a Sovereign Gold Card debit card from 2005 to 2016. The IRS alleges the cards can be used to get access to the offshore funds and avoid paying taxes in the U.S. The report noted taxpayers in the U.S.
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