Former UBS Banker Found Not Guilty in Tax Conspiracy
Raoul Weil, a former UBS AG banker, who headed their global wealth management group, was found not guilty yesterday by the federal jury in Fort Lauderdale, Florida.
Jury Finds 150% FBAR Penalty Applicable
In the case of USA v. Carl Zwerner, the jury found that willful FBAR penalties of 50% of the account value applied to multiple years, thus, making the aggregate FBAR penalty equal to 150% of the account balance.
Florida Doctor Convicted of Tax Crimes for Hiding Money Offshore
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.
IRS Issues Instructions for Streamlined FBAR Compliance
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.
Igor Drabkin to Speak at the FBAR and FATCA Seminar
Igor Drabkin to Speak at the FBAR and FATCA Seminar by Strafford