Recent Posts Tagged With 'disclosure program'

• The Taxman Cometh after 9/23

  Posted on Sunday November 29th, 2009 at 11:17 in offshore accounts, IRS, taxman, criminal charges, offshore account, ubs bank, irs problems, 6 years, financial accounts, unpaid taxes, fbar, criminal prosecution

  The amnesty period set by the IRS for you to declare any taxes you owe, especially unpaid taxes on offshore assets is fast coming to an end. On September 23rd, the Voluntary Disclosure program of the IRS draws to a close and there will be no extensi...

• Flushing Out Tax Cheats

  Posted on Monday November 23rd, 2009 at 07:15 in carl levin, tax evasion, senator obama, landmark agreement, offshore bank accounts, ubs bank, irs problems, tax evaders, treasury secretary, lawrence summers, secrecy laws, senator carl levin

  Tax evaders who use offshore bank accounts to stash their cash mainly use about 90 countries to do so. The most famous one is Switzerland with its famed Swiss bank secrecy laws that have sheltered tax cheats for decades. But with the recent waters...

• What Offshore Bank Accountholders Must Do

  Posted on Friday November 20th, 2009 at 05:15 in offshore accounts, IRS, tax evasion, ubs, bank accounts, us government, offshore bank account, ubs bank, irs problems, swiss government, tax purposes, tax treaty

  Now that the IRS and UBS bank of Switzerland have settled their feud, it is time to understand exactly what their settlement entails and how it affects you. If you are an American with an offshore bank account whether in Switzerland or any other cou...

• Pay Up or Face the Music – IRS Voluntary Disclosure

  Posted on Monday November 16th, 2009 at 02:15 in offshore accounts, IRS, mistake, tax returns, assets, tax evasion, consequences, uncle sam, amnesty program, confirmation, offshore bank account, irs problems

  If you have been knowingly evading taxes by one means or another, it is time for you to make it right or face the consequences. The good news is that the IRS is presently having a Voluntary Disclosure program aimed at allowing tax dodgers to come fo...

• What is Tax Terrorism?

  Posted on Wednesday November 11th, 2009 at 23:15 in Columbia University, scare tactics, us justice department, irs audit, cringe, us treasury, university of california berkeley, gestapo, economic policy, ubs bank, irs problems, law professor

  Terrorist attacks are not uncommon in our world today. You always hope you never find yourself anywhere near the vicinity of a terrorist attack. But have you heard of a terrorist attack right in your home or business? It comes in the form of a tax...

• The War on Tax Havens

  Posted on Friday October 30th, 2009 at 17:17 in swiss bank account, offshore accounts, tax evasion, bank balance, american economy, tax havens, ubs bank, irs problems, american taxpayers, depositors, swiss government, secrecy laws

  The US government has declared war on well-known tax havens like Switzerland, the Cayman Islands, Bermuda and even Hong Kong. For the longest time, it was an open secret that if you wanted to have your money undetected, bank it into a Swiss bank acc...

• Beware – The Net Widens

  Posted on Sunday October 25th, 2009 at 14:35 in tax evasion, asian countries, credit suisse, offshore bank account, caribbean islands, irs problems, government information, intermediaries, swiss law, offshore banks, depositors, swiss government

  If you thought you were safe from the IRS because your offshore bank account was with another bank besides UBS, think again.  As a result of the IRS UBS settlement and the IRS' Voluntary Disclosure program, hundreds of account holders with unde...

• Spin offs to the IRS UBS Tussle

  Posted on Sunday October 4th, 2009 at 00:15 in obama, launch, lawmakers, ubs, justice department, amnesty program, criminal charges, doing business, tussle, irs problems, guilty plea, tax information

  The dispute between the IRS and UBS over about 52,000 wealthy American account holders of the bank may be over but there have been issues that arose since then. Firstly, the IRS has launched a six month Voluntary Disclosure program aimed at flushin...

• Reactions to the IRS UBS Deal

  Posted on Monday September 28th, 2009 at 19:15 in tax evasion, notoriety, ubs bank, irs problems, guilty plea, ripple effect, paying taxes, court appearance, financial accounts, federal prosecutors, gaining momentum, cogs

  To every action there is a reaction. In physics, the reaction is opposite and equal to the action. But in economics, the reaction may be explosive and gargantuan in comparison with the action. We are talking about last week's deal between the...

• Important Dates

  Posted on Thursday September 24th, 2009 at 16:15 in offshore accounts, foreign countries, teleconference, aicpa, american bar association, offshore bank accounts, important dates, irs problems, filing taxes, financial accounts, pfp, criminal prosecution

  Here are some important dates to bear in mind in relation to your taxes. Firstly, a phone forum will be held August 19th on filing taxes online for small businesses and the self-employed. Participants will be told what to beware of and the best way...

• Opening a Can of Worms

  Posted on Friday September 4th, 2009 at 04:15 in amnesty program, tax havens, ubs bank, irs problems, tax lawyer, european banks, julius baer, banking institutions, secrecy laws, credit suisse group, swiss banks, tax authorities

  In a highly-publicized spat between the IRS and UBS bank of Switzerland over information on some 52,000 suspected Americans using their bank accounts to avoid taxes, the Swiss bank finally agreed to release an undisclosed number of names among the 52...

• Big Brother IS Watching

  Posted on Tuesday September 1st, 2009 at 02:15 in swiss bank account, offshore accounts, tax evasion, public knowledge, bdo seidman, offshore bank accounts, tax shelters, swiss bank accounts, ubs bank, irs problems, sum of money, swiss government

  It has long been public knowledge that to avoid detection of any sum of money, you should deposit it into a secret Swiss bank account. If you still think that way, think again. Swiss bank accounts, once financial havens invisible to the prying eyes...