Posts Tagged ‘hiding money offshore’

Investment Adviser Indicted for Aiding Taxpayers for Unclaimed Off-shore Accounts

Thursday, August 4th, 2011

Investment adviser and former USB AG banker was indicted for helping wealthy Americans hide unclaimed money from the IRS in offshore accounts. The USB AG bank, not included in the indictment, is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland. Martin Lack, a Swiss resident, is accused of assisting 9 U.S. clients in transferring monies to undeclared foreign accounts. In an article by David Voreacos of
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Posted in Offshore Tax Settlements, Seeking Professional Tax Help, Tax Evasion Advice, Tax Problem FAQs, Tax news and tips, tax help | 1 Comment »

The IRS Voluntary Disclosure Program is Over for Those Hiding Money Overseas – Reducing IRS Penalties is Still Possible with Help from a Tax Professional

Tuesday, October 27th, 2009

The IRS Voluntary Disclosure Program ended on October 15th.  For U.S. taxpayers who have been hiding money in Zurich, expect indictments and harsh prison sentences from the IRS.

By Michael Rozbruch, Certified Tax Resolution Specialist
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For the more than 4,450 U.S. taxpayers who have bank accounts in Switzerland and haven’t told Uncle Sam, time’s up.
In an unprecedented settlement with the Swiss government and Swiss bank UBS, the Department of Justice and Internal Revenue
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Posted in IRS Times and Inquirer, IRS help, Seeking Professional Tax Help, Voluntary Disclosure, Working with the IRS | No Comments »