Penalties: The IRS Continues to Attack Unreported Foreign Bank Accounts by Criminally Indicting Three Swiss Bankers
4 Pages Posted: 20 Aug 2013
Abstract
United States citizens or residents with foreign accounts must be careful to properly report such accounts on tax returns and reports of foreign bank accounts. The government is continuing its attack on bank secrecy around the world and the latest development involves the indictment of three Swiss bankers for helping US taxpayer evade US tax.
Keywords: FBAR, UBS, Report of Foreign Bank Account, OVDI, Bank secrecy, Bank Weglin, Tax Evasion, Tax Fraud, Conspiracy
Suggested Citation: Suggested Citation
Skarlatos, Bryan C., Penalties: The IRS Continues to Attack Unreported Foreign Bank Accounts by Criminally Indicting Three Swiss Bankers. Journal of Tax Practice and Procedure, 2012, Available at SSRN: https://ssrn.com/abstract=2282753 or http://dx.doi.org/10.2139/ssrn.2282753
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.