National Taxpayer Advocate Criticizes IRS Handling of Offshore Voluntary Disclosures
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
Israeli Bank Encourages U.S. Clients to Participate in IRS Disclosure Program
Oldest Swiss Bank Wegelin to Close After Pleading Guilty to Tax Conspiracy
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.
U.S. and Ireland Finalize Anti-Tax Evasion Agreement
The United States and Ireland have reached an anti-tax evasion pact to share information about wealthy citizens’ financial accounts.
IRS Postpones Due Dates for FATCA Compliance
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.
More Swiss Bank Information Revealed to U.S.
Credit Suisse announced that it would transfer more information on its money management activities for wealthy Americans to the U.S.