Posts Tagged ‘swiss bank UBS’

Surgeon and Brother Tried to Hide $1.6M in Offshore Bank and Found That They Were Not Immune to the IRS

Wednesday, September 29th, 2010

Offshore banking is not the answer to evading taxes. Offshore bank accounts- such as those with Swiss banks – have been glamorized in many movies and tv shows as the solution to stashing away extra cash with the idea of avoiding taxes. If you haven’t been keeping up with the headlines, you may be surprised to find out that the IRS won an agreement that has given them access to an
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Tags: FBAR, Foreign Bank and Financial Accounts (FBAR), Offshore Banking, swiss bank UBS, Tax Conspiracy, tax fraud, tax fraud conspiracy, tax help, tax professional, tax resolution services, UBS
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »

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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Tags: amnesty for tax evasion, doug shulman, evading taxes with offshore account, Free Tax Consultation, hiding income abroad, hiding money offshore, IRS and offshore banking, irs problems, IRS specialist, IRS voluntary disclosure program, Michael Rozbruch, Offshore Banking, Penalty Abatement, specialized tax representation, swiss bank UBS, Swiss banks, tax attorneys, tax evasion through swiss banking, tax fraud, tax resolution services, Tax Resolution Specialist, US attorney Alex Acosta
Posted in IRS Times and Inquirer, IRS help, Seeking Professional Tax Help, Voluntary Disclosure, Working with the IRS | No Comments »

Tax Help for UBS Clients: All Overseas Bank Accounts More Vulnerable to IRS Scrutiny

Monday, August 24th, 2009

Hope everyone had a great weekend! CNBC.com reporter Mark Koba quoted me in a recent article about last week’s agreement by Swiss bank UBS to name US account holders. This is being seen as a watershed, leaving many wealthy Americans with foreign accounts scrambling to figure out what to do
Anyone who has not checked the Report of Foreign Bank and Financial Accounts (FBAR) box on Schedule B of form
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Tags: Back Taxes, IRS debt, IRS help, IRS tax problems, mark koba, Michael Rozbruch, offshort accounts, overseas bank account, Report of Foreign Bank and Financial Accounts (FBAR), swiss bank UBS, tax attorney, tax evasion, tax expert, tax settlement, Voluntary Disclosure
Posted in Seeking Professional Tax Help, Tax news and tips, Voluntary Disclosure, Working with the IRS | 1 Comment »

Obama Administration Goes After Tax Cheats

Sunday, June 28th, 2009

The president outlines a plan to work with overseas banks and target tax cheats. He also wants to hire 800 new IRS agents to hunt down those not complying.
By Michael Rozbruch
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Just months into office, President Barack Obama has publicly announced the targets of his administrations.
Worldwide terrorist networks?
Check.
Guantanamo Bay?
Check.
Carbon emissions?
Check.
Tax cheats?
Che— Say what?!
That’s right. Among President Obama’s high-value targets are tax cheats who hide money in overseas bank accounts. On May
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Tags: aggressive tax compliance, international tax shelter, IRS problem solver, Michael Rozbruch, obama and tax, obama and tax cheat, offshore accounts, Overseas Banking, overseas banks to provide 1099s, swiss bank UBS, tax cheats, tax compliance, tax evaders, tax evasion, tax resolution, tax resolution services, tax shelters, tax shelters overseas, tax specialist, UBS
Posted in IRS Tax Cases, IRS Times and Inquirer | 2 Comments »