by Gary Slavett | Sep 10, 2009 | FBAR, Offshore Income
UBS Offshore Account FBAR Update
by Igor Drabkin | Aug 26, 2009 | FBAR, Offshore Income
On August 19, 2009, the IRS and UBS AG, one of the major Swiss banks, announced the terms of the settlement reached in a “John Doe” summons enforcement case brought by the U.S. Government to reveal the names of American account holders of UBS Swiss...
by Igor Drabkin | Aug 11, 2009 | FBAR
IRS extends due date for filing some FBARs
The IRS issued a new notice, Notice 2009-62, 2009-35 IRB, which extends the due date for filing Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts (FBAR)) in certain cases.
The extension applies only to the following individuals:
(i) persons with signature authority over, but no financial interest in, a foreign financial account, and
(ii) persons with a financial interest in, or signature authority over, a foreign commingled fund.
by Igor Drabkin | Aug 4, 2009 | FBAR, Internal Revenue Service, Offshore Income
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...
by Gary Slavett | Jul 29, 2009 | Criminal Tax, FBAR, Internal Revenue Service, Offshore Income
Offshore Tax Evasion by UBS Client