GAO Report: IRS Collects $5.5 Billion from Offshore Disclosure Program, May be Missing More Tax Evasion

IRS Rescinds Amnesty Approval for Bank Leumi Clients

Switzerland and U.S. Sign Agreement on Fighting Tax Evasion

The 2012 National Taxpayer Advocate’s Annual Report to Congress criticized current IRS practices in the Offshore Voluntary Disclosure…

Israeli Bank Encourages U.S. Clients to Participate in IRS Disclosure Program

Wegelin & Co, the oldest Swiss private bank, will shut down permanently after more than 250 years of operations, following its guilty plea to U.S. charges of helping Americans to evade taxes through secret accounts.

The United States and Ireland have reached an anti-tax evasion pact to share information about wealthy citizens’ financial accounts.

IRS announced on October 24, 2012, that it will postpone some integral- tiered start up dates, which is a welcomed delay by many in industry adversely affected by implementation of the Act.

Credit Suisse announced that it would transfer more information on its money management activities for wealthy Americans to the U.S.

The IRS has issued instructions and a questionnaire to be used by eligible non-resident U.S. taxpayers who want to catch up on past-due filing requirements under new streamlined filing procedure that took effect on September 1, 2012.