IRS to Charge More

more+
less-

The IRS confrmed that they intend to initiate criminal charges against some of approximately 4,000 American taxpayers whose details have been turned over by Swiss bank UBS under a treaty between the Swiss and American governments in 2009. These 4,000 taxpayers are UBS account holders suspected of evading taxes by keeping their assets in overseas bank accounts.

In addition, the 4,000 taxpayers will be subject to a ‘full-blown audit’ and are liable to full tax repayments and penalties unless they are among the 15,000 taxpayers who have voluntarily declared their earnings during the IRS voluntary disclosure period last year.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

Written by:

more+
less-

The Law Offices of Darrin Mish, P.A. on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×