Posts Tagged ‘Swiss banking’

IRS Will Stop at Nothing for U.S. Names of Swiss Bank Account Holders Who May be Guilty of Tax Evasion

Friday, August 21st, 2009

As Swiss bank UBS and the Swiss government consider reneging on a deal to turn over 52,000 names of U.S. clients, Justice Department warns criminal prosecution may be next step
By Michael Rozbruch
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For those who follow tax compliance news, February was a big month.
That’s when the U.S. Department of Justice announced a deal with Swiss bank UBS.
The U.S. government agreed to waive criminal prosecution — federal prosecutors suspected the Swiss bank
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Posted in Back Taxes, IRS Tax Cases, IRS Times and Inquirer, Unfiled Returns - Delinquent Tax Returns, Voluntary Disclosure, Working with the IRS | No Comments »

Tax Evaders and Tax Cheats Beware! IRS Finally Pierces the Swiss Banking Veil

Monday, March 30th, 2009

In a blow to tax cheats, Switzerland’s largest bank agrees to divulge the names of those suspect of using offshore accounts to evade U.S. taxes
By Michael Rozbruch
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In the world of tax cheats, the news doesn’t get much bigger.
UBS, the largest bank in Switzerland, agreed to provide to the U.S. government with the names of those it suspects of using its accounts to evade paying taxes in the United States. The
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Posted in IRS Tax Cases, IRS Times and Inquirer | 1 Comment »