Posts Tagged ‘offshore tax cases’

Offshore Tax Evasion by Diamond Merchant

Monday, December 19th, 2011

Richard Werdiger, a former client of Swiss bank UBS, was sentenced to one year and one day in prison for conspiring to defraud the Internal Revenue Service. He had hid more than $7.1 million at UBS and evaded nearly $400,000 of taxes.
Werdiger pleaded guilty in March 2011 and agreed to pay a civil penalty of more than $3.8 million for his failure to report his overseas accounts to the IRS.
From
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Offshore Account Cheats Seek Dismissal of U.S. Indictment

Monday, November 28th, 2011

In recent Credit Sussie news, the Swiss bank accused of aiding Americans in cheating taxes with offshore accounts is seeking a dismissal of their indictment by the Justice Department.
In an article by David Voreacos titled Credit Sussie Bankers Said to Seek Dismissal of U.S. Indictment on Bloomberg, Voresacos discusses the bank’s current predicament and the chances of a dismissal of the indictment. According to the article, Credit Sussie is cooperating
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Report Your Offshore Bank Accounts to the IRS – Let TRS Help!

Friday, July 22nd, 2011

Do you have an offshore bank account? Does the IRS know about it?
Well… if they don’t now, they will. And when the IRS finds out about your offshore bank account, you can expect some serious reprecussions.
Why?
Because having offshore accounts and not filling out the proper paperwork, or not doing it correctly, is a serious crime and the IRS is cracking down on offshore tax evasion.
Tax Resolution Services recently wrote an
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IRS to Give Offshore Tax Evasion Cases ‘Priority Treatment’

Tuesday, April 14th, 2009

Internal documents reveal IRS has made offshore tax evasion its highest-priority target; investigators will focus on unreported income
By Michael Rozbruch
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The memo sent to examination staff of the Internal Revenue Service was clear.
Investigators should make sure offshore tax cases “receive priority treatment.”
Indeed, internal documents released by the tax-collecting agency, coupled with public comments from IRS Commissioner Doug Shulman, leave little doubt the government will focus the brunt of its enforcement efforts
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