by Igor Drabkin | Jan 4, 2013 | Criminal Tax, FBAR, Internal Revenue Service, Offshore Income
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.
by Igor Drabkin | Dec 14, 2012 | FBAR, Internal Revenue Service, Offshore Income
The United States and Ireland have reached an anti-tax evasion pact to share information about wealthy citizens’ financial accounts.
by Igor Drabkin | Oct 26, 2012 | FBAR, Internal Revenue Service, Offshore Income
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.
by Igor Drabkin | Sep 20, 2012 | FBAR, Internal Revenue Service, Offshore Income
Credit Suisse announced that it would transfer more information on its money management activities for wealthy Americans to the U.S.
by Igor Drabkin | Sep 6, 2012 | FBAR, Internal Revenue Service, Offshore Income
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.
by Igor Drabkin | Jul 24, 2012 | FBAR, Internal Revenue Service, Offshore Income
The IRS recently released new Frequently Asked Questions (FAQs) for the 2012 Offshore Voluntary Disclosure Program (OVDP).