IRS Releases Streamlined Offshore Voluntary Disclosure Form
From JournalofAccountancy.com The IRS has posted to its Web site a three-page “optional format” short form for taxpayers to use when applying for the Voluntary Disclosure Program. The form asks...
View ArticleU.S. Builds Crime Cases on Clients of UBS
By Lynnley Browning, New York Times (8/13/09) Federal prosecutors are building criminal cases against 150 wealthy American clients of the Swiss banking giant UBS as part of a continuing investigation...
View ArticleUBS to name 5,000 accounts under U.S. deal
By Jonathan Lynn, Reuters.com The deal initialed last week between the United States and Switzerland over UBS will involve the disclosure of around 5,000 holders of secret Swiss accounts, weekly...
View ArticleUBS Tax Crackdown Widens to Hong Kong
By Carrick Mollenkamp, The Wall Street Journal The U.S. crackdown on clients of UBS AG is widening into a global hunt, with the government detailing in court documents how the Swiss bank and outside...
View ArticleUBS to Give 4,450 Names to U.S.
The Wall Street Journal is reporting (8/20/09)… The U.S. could within months begin criminally prosecuting hundreds of wealthy Americans — from the obscure to the “rich and famous” — for using foreign...
View ArticleSwiss Banking Executive and Swiss Lawyer Charged With Conspiring to Defraud...
Defendants Aided Wealthy Americans Conceal Assets in Secret Swiss Bank Accounts From PRNewswire.com Hansruedi Schumacher and Matthias Rickenbach, both of Switzerland, were indicted today for conspiring...
View ArticleUBS whistle-blower gets 40-month sentence
By Martha Brannigan, MiamiHerald.com In a surprisingly heavy judgment, Bradley Birkenfeld, the former UBS private banker who blew the whistle on a wide-ranging scheme in which the Swiss bank helped...
View ArticleIRS Corporate Audit Division Will Examine UBS Tax Evasion Cases
By Ryan J. Donmoyer, Bloomberg.com The U.S. Internal Revenue Service is shifting audits of wealthy Americans suspected of offshore tax evasion to an elite division that usually examines businesses as...
View ArticleSixth UBS Client Pleads Guilty to Tax Charges
By WebCPA.com Staff A retired Boeing sales manager is the latest UBS client to plead guilty to filing a false tax return after the Swiss bank agreed to disclose the identities of some of its U.S....
View Article14,700 Offshore Tax Evaders Settle with IRS
Previous estimates by the IRS project in excess of 700,000 unreported Foreign Bank Accounts (held by U.S. Taxpayers). Under the 2009 voluntary disclosure “last chance” compliance initiative 14,700 U.S...
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