UBS Account Holders Must Act Now to Avoid Crippling Penalties
The Swiss Parliament just ratified an agreement to surrender the names of 4,450 bank clients over to the IRS, as reported today in Americans May Have ‘Mere Hours’ to Disclose UBS Accounts to IRS. And the IRS has pledged to move swiftly to vigorously pursue UBS account holders who have attempted to evade their tax responsibilities. If you think your offshore bank account may be a potential IRS target, it’s important to act now to reduce severe penalties and criminal implications. Once the Swiss government releases your name to the IRS, you will have a tougher case to fight and will most likely pay more severe IRS penalties and interest.
FBAR tax penalties can amount to as much as 200-300% of the asset value of the offshore account. Currently, taxpayers are required to report all income from domestic and foreign sources – and failing to do so whether intentionally or unintentionally could be financially crippling. The best thing you can do is immediately get help from professionals with specific experience and expertise with offshore tax evasion defense to take over all communications with the IRS, make the required disclosures, file FBAR reports and mitigate your risk of spending 5 to 10 years in prison for FBAR violations.
At Tax Resolution Services, Co., we have a special division for FBAR reporting and compliance, led by nation’s top offshore tax evasion defense expert Brian Compton. We’re ready to help you with your IRS tax problems. You can also learn more at our Offshore Account Tax Settlements and find out more about the benefits of getting professional tax help from an expert tax attorney, CPA, or Certified Tax Resolution Specialist.
Contact out special division for overseas tax evasion defense TODAY! If you are in IRS trouble for undisclosed foreign funds, call our office at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com.
More Tax Help, IRS News and Tax Relief Tips:
- Tax Help For Offshore Account Holders as US-Swiss Protocol Allows Handover of Account Holder Info
- UBS To Disclose Offshore Account Holders Details to IRS: Act NOW to Reduce Severe Penalties
Tags: brian compton, FBAR penalties, Fbar reporting, offshore account tax settlements, offshore tax evasion, offshore tax evasion defense, tax resolution, UBS Account Holders, ubs accounts
