Posts Tagged ‘UBS settlement’

Get Tax Help with Your Offshore Bank Account as IRS Pierces Veil of Bank Secrecy, Settling with 14,700 Foreign Accounts

Tuesday, November 24th, 2009

We’ve been hearing a lot of stories about how the IRS is dealing with the abundant influx of voluntary disclosures from Americans who had hid their money overseas in Swiss banks such as UBS. The LA Times recently reported that the IRS is settling with over 14,700 overseas foreign account cases.
According to the LA Times, “To put it simply, this is a historic milestone for the nation’s hardworking taxpayers.”
While many
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Posted in Back Taxes, IRS Installment Agreements, Offshore Tax Settlements, Penalty Abatement, Seeking Professional Tax Help, tax help | No Comments »

Tax Help for Offshore Account Holders Pulling Out of Swiss Banks: Don’t Fear the IRS - Get Expert Offshore Tax Evasion Defense

Wednesday, November 18th, 2009

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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Posted in Back Taxes, Offshore Tax Settlements, Penalty Abatement, Seeking Professional Tax Help, Tax news and tips | No Comments »

Offshore Account Holders Can Still Seek Amnesty from Criminal Prosecution and Lower IRS Penalties Till September 23

Thursday, August 13th, 2009

UBS and the U.S. and Swiss governments are nearing a settlement over the Swiss bank’s forced disclosure of 52,000 names of  U.S. clients suspected of tax evasion.
While the final form of agreement is not yet in place, there are many implications for U.S. taxpayers, including innocent offshore account holders who did not use their Swiss accounts to evade taxes. They may be heavily investigated, so it will be
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Posted in Back Taxes, Tax news and tips, Voluntary Disclosure, Working with the IRS | 3 Comments »