The U.S. Department of Justice announced that two banks, Rothschild Bank AG and Banca Credinvest SA, have reached resolutions under the DOJ’s Swiss Bank Program.
More Swiss Banks Enter into Non-Prosecution Agreement with DOJ, Added to 50% FBAR Penalty List
IRS Updates List of Designated Private Delivery Services for Timely Mailing Rule
Peter Amrein, a former Swiss banker, pleaded guilty to a tax conspiracy charge for helping U.S. taxpayers hide millions of dollars in offshore accounts from the Internal Revenue Service.
Igor Drabkin’s article “International Reporting Penalties — What to Expect and How to Fight Them” was published in the January 2015 edition of the CCH Journal of Tax Practice and Procedure.