by Igor Drabkin | Jul 22, 2010 | FBAR, Internal Revenue Service, Offshore Income
On July15, 2010, Switzerland’s Federal Administrative Court rejected a UBS account holder’s complaint that sought to prevent the release of her client information to the U.S. tax authorities. The ruling is significant because it signals the likely end-game for UBS account holders with undisclosed accounts who had sought to prevent their account information from being delivered to the IRS.
by Igor Drabkin | Jul 8, 2010 | Criminal Tax, FBAR, Internal Revenue Service, Offshore Income
HSBC appears to be the next target of U.S. government in its fight against offshore tax evasion. On June 21, 2010, the Department of Justice issued letters to HSBC clients informing them that they are subject to a criminal investigation.
by Igor Drabkin | Apr 15, 2010 | Criminal Tax, FBAR, Internal Revenue Service, Offshore Income
Another UBS client pleads guilty to failure to file FBAR forms related to his Swiss account.
by Igor Drabkin | Apr 7, 2010 | Criminal Tax, FBAR, Internal Revenue Service, Offshore Income
U.S. prosecutors prepare a new wave of UBS-related tax evasion cases against individuals, and they do it just before the April 15 tax-filing deadline.
by Gary Slavett | Jan 29, 2010 | FBAR, Offshore Income
Los Angeles Tax Attorneys at Holtz, Slavett & Drabkin represent numerous taxpayers in the IRS Offshore Voluntary Disclosure Program. After the initial information is submitted to the IRS Criminal Investigation Division, a letter is sent from IRS CID stating that...