On April 2, 2009, the IRS announced they will reduce the penalty for not filing a Report of Foreign Bank and Financial Account, known as a ...
Most Recent Articles For: UBS
Written by admin on September 25th, 2011
Written by admin on August 8th, 2011
On April 2, 2009 the U.S. Treasury rolled out a Voluntary Disclosure program (expiring on September 22, 2009). The goal of this program is to bring into the fold undisclosed foreign bank accounts and with them, a lot of tax revenue. The voluntary disclosure program is confiscatory and will ...
Written by admin on July 1st, 2011
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 ...
Written by admin on May 17th, 2011
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 ...
Written by admin on May 11th, 2011
The U.S. Treasury has hinted that it may again offer an amnesty program for taxpayers hiding undeclared money in offshore accounts. Just before Christmas, IRS Commissioner Doug Shulman commented about the success of 2009's ...
