According to Law360, Miami (November 03, 2014, 5:04 PM ET) -- Jurors in federal court in Fort Lauderdale, Florida, found former UBS AG executive Raoul Weil not guilty of conspiracy to defraud the United States for his alleged role in helping nearly 20,000 U.S. clients hide $20 billion in assets from the Internal Revenue Service.…
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Panama Re-Examining the OECD's Automatic Exchange of Information!
According to the My Panama Lawyer Blog, The Ministry of Foreign Relations of Panama, headed by Vice-President Isabel de Saint Malo posted this communique in its website: “Panama is in the process of re-evaluating its strategy to meet state requirements for financial transparency and exchange of information at international level, without neglecting national interests. The…
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IRS Enhances Transcript Delivery System On-Line!
Accounting Today reports that the Internal Revenue Service currently allows qualified tax professionals, who have a Form 8821, Tax Information Authorization or form 2848, Power of Attorney, on file to now request a client’s account transcript using the Transcript Delivery System. Get a record of your past tax returns, also referred to as transcripts. IRS…
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More Trouble for US Depositors in Israeli Banks!
US depositors in Israeli banks face additional risks of being discovered. On Friday, October 31, 2014, we posted Bank Leumi to Face $300 Million Settlement Option to Close an Investigation Regarding Their Aiding Americans to Evade Taxes where we discussed are previous posts: IRS Continues Cracks Down on Undeclared Israeli Bank Accounts! where we discussed our…
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