Two Holtz, Slavett & Drabkin tax law partners, Gary Slavett and Igor Drabkin, were featured today by CNN’s Erin Burnett OutFront program regarding Mitt Romney’s tax returns released this morning.

The Internal Revenue Service released details of its plan to show some leniency on the penalties for failure to file tax returns and Foreign Bank Account Reports for the American citizens living abroad.

Holtz, Slavett & Drabkin, APLC is proud to sponsor the 26th Annual UCLA Tax Controversy Institute, which will take place on October 26, 2010, at the Beverly Hills Hotel.

UBS Offshore Account FBAR Update

The United States government has been pressing UBS AG, one of the Switzerland’s largest banks, to release the names of a reported 52,000 wealthy Americans with accounts at the bank. Federal authorities suspect that some U.S. taxpayers may be using accounts at UBS to evade taxes. A civil case brought by the United States against [...]

Offshore Tax Evasion by UBS Client