DOR Advises Proper Reporting of all Income and Assets
The Indiana Department of Revenue (DOR) continues to partner with the Internal Revenue Service (IRS) to share the top tax filing season concerns referred to as the “IRS Dirty Dozen” tax scams for 2018. Avoiding paying taxes by hiding money or assets in unreported offshore accounts is the eleventh scam in the 12-part series. Offshore tax cheating is a long-running scheme to evade paying taxes by hiding income in offshore banks, brokerage accounts, foreign trusts, employee leasing schemes, private annuities or insurance plans. Individuals then access these funds through debit cards, credit cards or wire transfer. While there are legitimate
