In the modern world of communication, the cell phone has become an extension of ourselves, and some may even refer to it as 'the appendage that is not attached to you.' Your phone might be essential when it comes to organizing your business appointments, reminding you about your wedding anniversary and finding out the latest…
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Swiss Banks “Wanted” With or Without Co-Operation!
On Tuesday, June 18, 2013, we posted DOJ Requests Identification of US Depositors in Bank Weglin - Time To Come Clean? where we discussed that the US Department of Justice has submitted another administrative assistance request to the Swiss authorities, this one demanding the identification of American clients of the private bank Wegelin who were…
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“Quite Disclosure” Caught – DOJ Files To Collect 50% FBAR Penalty!
We first posted that on Wednesday, June 5, 2013 IRS Cracks Down on "Quiet Disclosures" which discussed that the IRS is cracking down on so-called soft or "Quiet Disclosures." According to a recent the U.S. Government Accountability Office (GAO) report, more than 10,000 taxpayers showed signs of having avoided offshore penalties by making “Quiet Disclosures”…
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DOJ Requests Identification of US Depositors in Bank Weglin – Time To Come Clean?
The US Department of Justice has submitted another administrative assistance request to the Swiss authorities, this one demanding the identification of American clients of the private bank Wegelin who were beneficiaries of asset management companies between 2002 and 2012. The United States tax authorities have filed a request for legal assistance to identify former American…
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