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Voluntary Disclosure Program: You Must File Before the IRS Contacts You

July 1, 2011 by admin

Article by Kevin Thorn The deadline to apply to the IRS Voluntary Disclosure Program now over; however U.S. taxpayers still can file a voluntary disclosure under the IRS normal procedures. In 2009, the IRS and U.S. Department of Justice began its highly publicized investigation into Swiss bank UBS AG and U.S. accountholders who hid these … Read more

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International Bankers Wary Of US QI Proposals

May 17, 2011 by admin

Senior figures from the international banking industry have been meeting with high-ranking officials from within the Obama administration to express their concern over proposals to strengthen the Qualified Intermediary (QI) program. The QI program was established in 2000 to encourage foreign banks to report details of their US clients to the US Internal Revenue Service … Read more

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