Source: https://klasing-associates.com/question/criminal-charges-2014-offshore-voluntary-disclosure-program-ovdp/
Timestamp: 2019-04-23 20:39:56+00:00

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As explained elsewhere on this website, the IRS has recently unveiled a new program that allows taxpayers with undisclosed offshore accounts and assets to “come clean”—with the hope of putting the past behind them. This new program is the 2014 Offshore Voluntary Disclosure Program (2014 OVDP) which similar to the older ones (from 2009, 2011, and 2012), but with some significant changes.
Tax evasion per IRC § 7201.
Filing a false return per IRC § 7206(1).
Failing to file an income tax return per IRC § 7203.
Conspiracy to defraud the government with respect to claims per 18 U.S.C. § 286.
Conspiracy to commit offense or to defraud the government per 18 U.S.C. § 371.
Willfully failing to file an FBAR (or filing a false FBAR) per 31 U.S.C. § 5322.
If you are convicted of tax evasion, you could be imprisoned for up to five (5) years per count, and also have to pay a $250,000 fine.
If you file a false return, you can face a prison term of up to three (3) years per count, and receive a $250,000 fine.
If you fail to file your tax return, you can be imprisoned for one (1) year per count, and be required to pay up to $100,000.
A conviction for conspiring to commit an offense or defraud the government carries a prison term up to five (5) years per count, and a $250,000 fine.
If you are convicted of a conspiracy to defraud the government with respect to claims you can face a ten (10) year prison term per count, or a fine of $250,000.
If you fail to file your FBAR, you can be incarcerated for up to ten (10) years per count, and fined $500,000.
In light of these crimes, is might be asked, “What if I just say I didn’t know about reporting my offshore accounts? Will that get me off the hook?” We answer that next.
FBAR PENALTIES: Does the IRS presume taxpayers do not act criminally? In other words, can I just turn a “blind eye” to the IRS’s requirements to disclose my assets and avoid a possible criminal charge?
“See no evil, hear no evil, . . . and thus do no evil??” In the eyes of the IRS, this statement is false.
Many taxpayers think that if they just decide to remain ignorant of the tax laws relating to their FBAR reporting requirements then the IRS cannot convict them of criminal charges. The IRS disagrees, and so does a recent case.

References: § 7201
 § 7206
 § 7203
 § 286
 § 371
 § 5322