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Search for Offshore Tax Evaders Targets Express Delivery Services

Saul Brenner, CPA, J.D., LL.M. 03.19.2015 | eVisor

FedEx, UPS, DHL, and a many other delivery services have received IRS "John Doe" summonses to provide information on U.S. taxpayers who have preserved their anonymity by using Sovereign Management & Legal Ltd. (Sovereign) for their offshore accounts and assets.  

Sovereign enables taxpayers to form and administer anonymous corporations, accounts, and entities offshore.  The company's services include maintaining and operating offshore structures, mail forwarding, virtual offices, and re-invoicing. Sovereign uses FedEx, UPS, and other delivery services for client correspondence and engages Western Union to transmit funds. The massive "John Doe" assault by the IRS will allow the Service to obtain records from these delivery companies and identify those U.S. taxpayers who used Sovereign's services to control their foreign accounts and entities.  

Questions? Contact your Berdon advisor or Saul Brenner at 212.331.7630 |

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