The IRS crackdown on foreign bank account holders has been highly effective in getting more tax evaders to come forward. News reports have shown that the number of people who voluntarily disclosed their foreign bank accounts before October 15th have been higher than other responses to any prior IRS initiatives.
The large number of voluntarily disclosures means billions of incoming revenues to the IRS in the next ten to twenty years
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Ever since the latest IRS crackdown on American offshore bank account holders, Swiss banks such as Julius Baer Group has reported losses in financial assets due to scared Americans who are withdrawing their money. This latest news shows that the IRS has successfully struck fear among Americans who up until recently, have been able to evade taxes with offshore bank accounts.
According to the NYTimes, “shares in Julius Baer fell 2.78
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We provide offshore tax evasion defense for clients who have been targeted by the IRS. And I’ve heard on many occasions that it’s difficult to find reliable offshore tax resolution information on the Internet. So we’ve added a new tax help resource devoted to IRS offshore tax settlements to to further help people with overseas accounts by educating them on their options for tax relief.
Each year, the government racks up
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On Friday, the first American was prosecuted in a UBS tax case and sentenced to house arrest after admitting he concealed about $6 million in assets from the IRS.
Americans who missed the October 15th deadline for tax amnesty can still reduce severe IRS penalties for offshore accounts (including FBAR penalties that can amount to 200-300% of the asset value of the account!) Account holders need to get expert tax help
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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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More than 7,500 Americans rushed to take advantage of a the opportunity for tax amnesty offered through a special voluntary disclosure program for offshore accounts that ended last Thursday. But what can you do if you didn’t come forward to the IRS last week and still need to declare your offshore account?
If a U.S. taxpayer or U.S. resident was not able to file the voluntary disclosure memorandum by the October
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This Thursday’s deadline for Amnesty has many wealthy Americans with foreign bank accounts nervous and scrambling to get tax help from their tax attorneys. Don’t miss your chance of significantly reducing your likelihood of facing criminal prosecution–if you have foreign bank accounts (either with UBS or some other foreign bank) with funds that you have not paid taxes on, get tax help now before it’s too late.
The issue started this
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Just wanted to share a great note I received from a recent tax relief client who received a successful resolution for his case!
Brett first heard about TRS on the Bill Handel show a couple of years ago, and then he drove down to Orange County from his home in Palmdale, CA to meet with me and learn about the tax help services that we offer to find out how
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It’s official–UBS, the Swiss Banking Giant has reached a deal with the US Government and the Swiss Government to release around 4,450 names of American account holders suspected of tax evasion.
The US Government estimates there to be $18 billion hidden in these offshore accounts–giving the IRS plenty reason to scrutinize and audit both the innocent and guilty in the upcoming months.
If you have a UBS account and have not paid
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The Offer in Compromise (OIC) application process has been a challenging and burdensome process for many applicants. The privilege of being approved for a OIC closely resembles receiving amnesty from the IRS; you can save thousands of dollars in back taxes, IRS tax penalties and interest.
Recently, the IRS unveiled a simplified version of the OIC application form by splitting the original form into two parts: Form 656 and Form 656-B
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Failure to file your legally required tax returns can cause you to incur significant penalties and may be construed as a criminal (misdemeanor and potentially a felony!) act by the IRS. However, there are circumstances where an individual may have “reasonable cause” for not filing or paying taxes due (divorce, job loss, death in the family, illness, etc).
The law allows for the abatement of penalties for reasonable cause, which is
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I was recently interviewed for This Week In Chaves County, which airs Sunday at 7:00 a.m. on KEND 106.5 FM (Roswell, NM). I talked about opportunities for recession burdened Americans to settle IRS debt.
Please tune in - or check out the video below for a preview of the interview. Resolve your back taxes and say goodbye to wage garnishment, bank levies, and IRS penalties!

If you are in trouble with the
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It’s always great to hear from satisfied clients after we’ve helped them resolve their tax problems. We recently helped a taxpayer in Southern California gain his financial livelihood back. He was sick and unable to pay his back taxes. We were able to negotiate a penalty abatement on his behalf.
Peace of mind. Shelly has been outstanding and very helpful. I have Stage 4 Pancreatic Cancer and Shelly has always had
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A recent article in the Wall Street Journal looked at how the broad-based tax increases may be just around the corner in 2009 as many state budgets are being ravaged by the recession.  There may also be a push to boost personal income taxes as well as state sales taxes.
The article suggested a few revenue tricks for states to employ to stave off major tax increases including:
Dangling tax amnesties. Offering
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Yesterday I wrote about Charles J. O’Byrne, the top government aide who claims that his 5 years of tax debt amounting to $300,000 was a by-product of his bouts with depression and a condition that makes it difficult for him to fill out his tax returns.
Tax evaders have been claiming to suffer from “failure to file syndrome” for years - even though it’s really not likely to hold up in
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