Inside the 2012 OffshoreAlert Conference

Wednesday, 2 May 2012 | 12:00 AM ET

CNBC went inside the South Beach conference at the Ritz Carlton that brings together offshore bankers, financial advisors, lawyers and government officials on Monday, April 30th. Sen. Chuck Grassley (R-IA) says there was no need for 19 IRS officials to be at the two-day conference. IRS officials say the event was important and note they took steps to minimize cost to the taxpayer.