Declaring Back Taxes Owed From Foreign Funds In Offshore Accounts
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(c) any person who set in possession any specific money bullion, jewellery or any other valuable article or thing and such money bullion jewellery therefore forth. represents either wholly or partly income or property which has either not been or would not be disclosed for the purpose of the income Tax Act referred to in the section as undisclosed income or property.
This isn't to say, don't pay back. The point is there are consequences and Ceramica Gres porcellanato sassuolo factors do not have fully thought about, especially pertaining to individuals who might go the bankruptcy route. Therefore, it is a superb idea speak about any potential settlement alongside with your attorney and/or accountant, before agreeing to anything and sending in a check.
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