Posts Tagged ‘voluntary offshore compliance initiative’

Investment Adviser Indicted for Aiding Taxpayers for Unclaimed Off-shore Accounts

Thursday, August 4th, 2011

Investment adviser and former USB AG banker was indicted for helping wealthy Americans hide unclaimed money from the IRS in offshore accounts. The USB AG bank, not included in the indictment, is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland. Martin Lack, a Swiss resident, is accused of assisting 9 U.S. clients in transferring monies to undeclared foreign accounts. In an article by David Voreacos of
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Tags: certified tax resolution specialist, hiding money offshore, hiding offshore income, irs tax fraud, Offshore Banking, offshore tax evasion, tax attorney, tax problems, tax professional, voluntary offshore compliance initiative
Posted in Offshore Tax Settlements, Seeking Professional Tax Help, Tax Evasion Advice, Tax Problem FAQs, Tax news and tips, tax help | 1 Comment »

How Offshore Account Holders Can Reduce Tax Penalties: IRS Reviews Amended Returns for Quiet Disclosures and Extends the FBAR Filing Deadline

Monday, June 29th, 2009

In an effort to bring more tax evaders to the surface, the IRS has issued a new voluntary offshore compliance initiative in March of 2009, which provides more lenient penalties for tax evaders who have placed their assets overseas. In this initiative, taxpayers who voluntarily disclose their wrongdoings will only be punished with paying back taxes, certain penalties, and interest. Those who come forward will not face criminal charges unless
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Tags: Back Taxes, FBAR, interest, IRS debt, irs news, penalties, quiet disclosures, tax audit, tax deadline, tax help, tax problems, tax resolution, voluntary offshore compliance initiative
Posted in IRS Overview, Penalty Abatement, Tax Debt Help News, Tax Relief News, Tax news and tips, tax help | No Comments »