Hong Kong and Singapore continue to be the target of U.S. prosecutors pursuing a global campaign against evaders of federal taxes, spurred by data acquired in their crackdown on Swiss banks. Prosecutors are trying to determine what role financial professionals in Hong Kong play in tax evasion, according to people familiar with the matter. They…
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Swiss Lawyer Co-Operating With IRS Hunt For Offshore Account Holders!
A Swiss lawyer accused of helping U.S. clients conceal millions of dollars in offshore accounts pleaded guilty to conspiracy to commit tax fraud in federal court in New York on Friday and has been telling prosecutors how he helped American clients use secret accounts to hide assets from the Internal Revenue Service. Edgar Paltzer,…
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Online FATCA Registration System Now Open For Business!
The Internal Revenue Service today announced the opening of a new online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act (FATCA). Financial institutions that must register with the IRS to meet their FATCA obligations can now begin the process of registering by creating an…
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Do you think FATCA caused the number of FBARs filed to Double?
Are the increase in FBAR Filing a Result of : FATCA? John Doe Summons UBS, Credit Suisse, Etc? Swiss Banks Loosing Their Anonymity? Criminal Prosecution of Taxpayer & Their Advisors for Un Declared Accounts? All of the above? Need FATCA Advice? Contact the Tax Lawyers At Marini & Associates, P.A. For a FREE Tax…
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