Israeli Bank Client Sentenced for Hiding Income From Undisclosed Account
Another victory for the government in their fight against hidden offshore accounts was announced today in Los Angeles.
Swiss Banks Are Entering Disclosure Program as Deadline Approaches
As the December 31st deadline is approaching, about a dozen of Swiss banks have indicated that they are entering the DOJ Program for Swiss Banks.
Billionaire Ty Warner Charged with Offshore Tax Evasion
Department of Justice announced that Ty Warner, creator of Beanie Babies, was charged with federal tax evasion for allegedly failing to report income he earned in a secret offshore financial account he held with UBS in Switzerland. Warner ranks as # 209 on the Forbes list of richest Americans.
Court Allows IRS to Serve Summons on UBS Seeking Data on Wegelin Customers
Court Allows IRS to Serve Summons on UBS Seeking Data on Wegelin Customers
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…