In the most recent case of government’s crackdown on offshore tax evasion, a Florida psychiatrist, who together with her husband founded two Caribbean medical schools, was found guilty of conspiring to defraud the Internal Revenue Service and filing false tax returns.
The 2012 National Taxpayer Advocate’s Annual Report to Congress criticized current IRS practices in the Offshore Voluntary Disclosure…
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.
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.
Credit Suisse has provided U.S. investigators with the information related to U.S. account holders.