A U.S. court on March 4, 2013 sentenced Wegelin & Co, the oldest Swiss private bank, to pay an additional $58 million after it admitted to helping wealthy Americans evade taxes. The amount was in addition to the $16.3 million in forfeitures already obtained by authorities after the federal government accused Wegelin of conspiring…
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The IRS Revokes Amnesty to US Taxpayers With Israeli Bank Accounts…They Must be Feeling Faclept?
On Monday, January 14, 2013 we poste The Long Arm of the IRS Reaches Israeli Shores - Oy Vey! which discusses the IRS activity as it relates to US Taxpayers with Secret Israeli Bank Accounts. Now we have heard that theInternal Revenue Service this week sent faxes to tax attorneys nationwide informing them that clients who were…
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The IRS realeased its Winter 2013 Statistic of Income Bulletin
Winter 2013 Statistics of Income Bulletin IR-2013-26, March 6, 2013 WASHINGTON — The Internal Revenue Service today announced that the winter 2013 issue of the Statistics of Income Bulletin is available at IRS.gov. The winter 2013 issue features preliminary data from more than 145 million individual income tax returns for tax year 2011. The Statistics…
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The Time to Apply for Mexican Tax Amnesty is Quickly Running Out!
We first posted on January 23, 2013, 2013 Mexican Tax Amnesty regarding that as of 1 January 2013, Mexico is granting a tax amnesty for federal taxes, certain fees and penalties levied on the failure to fulfill tax obligations (different from payment obligations). The main requirement for the application of the tax amnesty is to pay…
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