Phone: (310) 550-6200
Holtz, Slavett & Drabkin, APLC
  • Home
  • Tax Services
    • Foreign Bank Accounts and Offshore Tax Compliance
    • Tax Litigation
    • Tax Audit Representation
    • IRS Employee Retention Credit Audits
    • Tax Fraud and Tax Crimes
    • Tax Collection Defense
      • Offer in Compromise
      • Tax Levies
      • Tax Liens
      • Bankruptcy & Taxes
      • Innocent Spouse Relief
      • Trust Fund Recovery Penalties
    • Employment Taxes
    • Unfiled Tax Returns
    • Other Tax Services
  • Tax Attorneys
    • Gary M. Slavett
    • David C. Holtz
    • Igor S. Drabkin
    • David J. Warner
    • Michele F.L. Weiss
    • Scott Burkholder
    • Emma Warner
    • Kevin Oveisi
    • Richard Gano
  • Blog and News
    • Firm News
    • Internal Revenue Service
      • Audit
      • Criminal Tax
      • Employment Tax
      • Exempt Organizations
      • FBAR
      • Innocent Spouse Relief
      • Offshore Income
      • Trust Fund Recovery Penalty
    • California Employment Development Department
    • Franchise Tax Board
    • Sales Tax
    • Whistleblower Award
  • Contact
    • Los Angeles Office
    • Orange County Office
Select Page

Foreign Banks Continue Cooperation with DOJ

by Igor Drabkin | Jul 10, 2015 | FBAR, Internal Revenue Service, Offshore Income

Department of Justice

We have previously posted news about more foreign banks reaching non-prosecution agreements with the Department of Justice, resulting in the turn over of U.S. account holders’ information to the U.S. authorities.  In fact, the list of the banks on the IRS list of the financial institutions which had either reached an agreement with the DOJ, or which are under the DOJ investigation, now includes 27 names.

The list of the cooperating banks and financial institutions is going to grow.  As an indication of how foreign financial institutions cooperate with the DOJ, please take a look at the attached letter, which we just received on behalf of one of our clients.  It notifies us that the Liechtenstein Tax Administration issued a Final Order, granting administrative assistance and sharing of the documents with the U.S. Department of Justice.

Recent developments show that the IRS and Department of Justice will get more and more information from foreign banks and tax authorities. about U.S. taxpayers, resulting in the increased rate of criminal tax investigations and civil tax audits.

For questions related to U.S. compliance with foreign bank and asset requirements, please feel free to contact our Former IRS Attorneys at (310) 550-6200.

Liechtenstein Tax Admin pg 1

Page 2

Holtz, Slavett & Drabkin
Former IRS Tax Attorneys
(310) 550-6200
10940 Wilshire Boulevard
Suite 2000
Los Angeles, CA 90024

Categories

Recent Posts

  • Michele Weiss Selected for Lawdragon 500 Leading Tax Lawyers Guide
  • IRS Cracking Down on Section 1202 Qualified Small Business Stock (QSBS) Claims
  • Six Holtz, Slavett & Drabkin Attorneys Named in 2025 Southern California Super Lawyers List
  • Michele Weiss to Present on Passthroughs Hot Topics at the Upcoming ABA Mid-Year Conference
  • IRS Issues Notice Providing Relief to California Wildfire Victims
Internal Revenue Service > FBAR > Foreign Banks Continue Cooperation with DOJ

Los Angeles Main Office

10940 Wilshire Boulevard
Suite 2000
Los Angeles, CA 90024
Phone: (310) 550-6200
Fax: (310) 774-3904

Orange County Office

4695 MacArthur Court
Suite 200
Newport Beach, CA 92660
Phone: (949) 999-6606
Fax: (949) 544-0440

Follow Us

LinkedIn

Recent Blog Posts

  • Michele Weiss Selected for Lawdragon 500 Leading Tax Lawyers Guide
  • IRS Cracking Down on Section 1202 Qualified Small Business Stock (QSBS) Claims
  • Six Holtz, Slavett & Drabkin Attorneys Named in 2025 Southern California Super Lawyers List
  • Michele Weiss to Present on Passthroughs Hot Topics at the Upcoming ABA Mid-Year Conference
  • IRS Issues Notice Providing Relief to California Wildfire Victims
  • IRS is Allowed to Serve John Doe Summons on a “Gig Economy” Platform
  • Holtz, Slavett & Drabkin to Sponsor 2024 Criminal Tax Fraud and Tax Controversy Conference in Las Vegas

    Designed by Elegant Themes | Powered by WordPress