Inside the 2012 OffshoreAlert Conference

12:00 AM ET Wed, 2 May 2012

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.