Events impacting U.S. persons with undisclosed foreign financial accounts continue unabated. The U.S.-Swiss agreement regarding disclosures of foreign accounts has been temporarily sidetracked, criminal prosecutions continue, the U.S. Internal Revenue Service (IRS) has clarified certain procedures for taxpayers in the recently ended voluntary disclosure program, new rules for reporting foreign accounts have been announced and proposed, and the IRS has turned a spotlight on examinations of global high-wealth individuals.

*United States-Switzerland Treaty Request Developments

*DOJ Continues and Expands Prosecutions of Holders of Undisclosed Foreign Accounts

*Updated IRS Voluntary Disclosure Program FAQs

*IRS Updates Certain FBAR Filing Requirements

*Proposed Changes to Foreign Financial Account Reporting Requirements

*IRS Announces Formation of Global High Wealth Industry Group

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