ADVISORY/Experts Available to Comment on Federal Offshore Bank Investigations.

Business Editors

ADVISORY...

--(BUSINESS WIRE)--March 28, 2002

TOPIC: As many as two million Americans may be using credit or debit cards
issued by offshore banks to maintain easy access to hidden income, the Internal
Revenue Service disclosed this week. According to a story by MSNBC, agency
officials put tax evaders on notice that they were sharply expanding their
crackdown on the use of offshore accounts. The agency said it has already
opened hundreds of investigations, both criminal and civil, into individual
taxpayers -- and said that many more are to come, the story said. In addition,
recent IRS court filings also identified Web sites for a number of
international banks and advisers pitching legal offshore services, but if the
accounts are used incorrectly, they can amount to tax fraud. EXPERTS:
ExpertSource can offer several highly qualified experts to comment on this
story:

Paul L. B. McKenney is a principal of Raymond & Prokop, P.C., Michigan oldest tax law firm with headquarters in Southfield. With a Master of Laws in Taxation, McKenney's practice areas include international taxation and controversies between taxpayers and the Internal Revenue Service. He also provides counsel on estate planning for high net worth individuals and succession planning for closely-held business owners. PR: Margaret Knes, APR ([e-mail]/313-336-8774).

Michael Louis Minns is a successful Houston, Texas lawyer. For the past 24 years, Minns has represented clients from Hawaii to New York, and Texas to Alaska. Minns has represented clients in more than 200 jury trials. His many precedent-setting rulings in civil and criminal law, and appellate decisions have become case law, and are regularly quoted in trial proceedings across the country. There are very few attorneys who hold licenses in as many courts and states as Minns - licensed in more than 30 jurisdictions, he has become recognized as one of the most traveled and prominent trial and criminal tax appellate lawyers in the country. PR: Adventures In Media, Inc. ([e-mail]/281-350-5506).

Prof. Leah Jackson is a law professor at Baylor University and an expert on federal income tax. 254/710-1911

ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue.

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