Tax Help For Offshore Tax Evasion: First 500 of 2,450 Names on “Swiss Cheese List” Revealed to IRS
I recently appeared on the Big Biz Show with Russ and Sully to talk about the new top 500 list that the Swiss Government released to the IRS. The first 500 people who made it on the “Swiss Cheese List” are now under IRS scrutiny for tax evasion charges–many facing IRS penalties up to $2.3 million or ten years in prison for FBAR violations ($2.1 million for failure to report overseas funds on the tax return plus $125,000 in penalties). These names are people who have not chosen amnesty by disclosing their accounts to the IRS before October 15th. Consequently, the IRS is expecting large sums of money from these accounts in the form of back taxes, severe penalties, and interest.
Considering how impenetrable the Swiss bank accounts have been for the past 50 years, this new development where the IRS is now able to penalize tax evaders with help from the Swiss government is huge news. Taxpayers need to be alarmed at the fact that the IRS can simply go over to the Swiss Government and make them open their banks. Over this past summer, a whistleblower from the Swiss Government allowed the US Government to file and win a settlement through an injunction. The deal was that the Swiss Government will release 2,450 names to the IRS, out of which the first 500 names have just been handed over. This is merely the beginning–there will definitely be more names to come.
This change of tax climate doesn’t only apply to the wealthy corporate titans either–if you are an average taxpayer, this news should come as a warning sign. It’s important for everyone to realize that no tax evasion scheme is safe from the IRS’s reach.
While it is possible that among the 500 names released, some may be truly innocent of tax evasion, the IRS is still going to hold these people guilty till proven otherwise. This means the “wrongfully accused” will have to get tax help from a tax attorney, CPA, or tax resolution specialist to help produce convincing evidence to substantiate their innocence. We have a specialized division solely devoted to offshore tax evasion defense that is here to help you fight against the IRS if you find yourself in cross-hairs.
In the past, I have stressed the importance of the changing tax climate in my TRS newspaper publication that the days of “safe” illegal tax shelters are over. Just look at the recent incident at the Cayman Islands and the Bahamas where taxpayers were caught and penalized for tax evasion through the usage of oversea credit cards.
Don’t make the mistake of believing that you can get away with any tax evasion schemes. The IRS has successfully busted down the walled gates of the Swiss Banks–it’ll be foolish to think that they are not powerful enough to find you.
If you did not declare your oversea funds by October 15th’s amnesty deadline, you can still get tax help from a tax attorney or CPA to resolve your offshore tax evasion charges. Tax Resolution Services is a team of expert tax attorneys, CPAs, and tax resolution specialists who are here to help you settle your IRS tax problems. Call our office today at 1-866-477-7762 for a free tax resolution consultation or visit www.taxresolution.com.
More Tax Help, IRS News and Tax Relief Tips:
- IRS Tax Help From Tax Expert: What Individuals and Businesses Need to Know to Avoid Tax Problems
- Tax Help News: 13% of Americans Find Tax Evasion Acceptable as IRS Audits Increase
- 6 Tips for Hiring a Good Income Tax Attorney or Certified Tax Resolution Specialist
- Tax Help Options For Overseas Tax Evasion as UBS Pushes For Swiss-US Deal
- Tax Help: How to Resolve Your Back Taxes & Prevent Tax Problems If You’re Short on Cash This Season
Tags: Back Taxes, Big Biz Show with Russ and Sully, Michael Rozbruch, offshore tax evasion charges, offshore tax evasion defense, Swiss bank accounts, tax attorney, tax evasion, tax expert, tax help, tax relief, tax resolution, tax resolution expert
