A Massachusetts financial adviser who allegedly submitted more than $2.2 million in fake financial instruments called “bills of exchange” and checks drawn on a closed bank account to pay his tax bills is convicted by a jury in federal court on 17 counts of tax crimes and contempt. The DOJ reported on their website January…
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About: Ronald Marini
Recent Posts by Ronald Marini
IRS Doubles Threshold for Automatic Installment Payment Plans!
The IRS released SBSE Memorandum (SBSE-05-0112-013), Streamlined Installment Agreements (IA), on January 20, 2012. It provides interim guidance memorandum and is issued to Collection Field function employees to implement policy changes to Streamlined Installment Agreements. These changes are effective immediately and will be placed into the next revisions of the IRMs 5.14.5 and 5.14.10. The primary changes to…
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Swiss Bank Clariden Leu to Turn in Its U.S. Clients
Switzerland's oldest private bank Clariden Leu has informed some of its U.S. clients that it has been ordered to turn over their names, and offshore bank account information to the IRS. Clariden Leu posted a notice on its website dated Nov. 29, 2011 to that effect. This is bad news for U.S. offshore account owners…
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Swiss deal with United States?
"We hope to conclude the negotiations in 2012," Eveline Widmer-Schlumpf journalists after talks with U.S. Treasury Secretary Timothy Geithner at the World Economic Forum. Widmer-Schlumpf said Switzerland was already discussing possible fines its banking industry will have to secure a global civil settlement with U.S. authorities. It is also trying to get the U.S. Department…
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