Penalties: The IRS Continues to Attack Unreported Foreign Bank Accounts by Criminally Indicting Three Swiss Bankers

4 Pages Posted: 20 Aug 2013

See all articles by Bryan C. Skarlatos

Bryan C. Skarlatos

Kostelanetz & Fink, LLP; New York University School of Law

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

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

Bryan C. Skarlatos (Contact Author)

Kostelanetz & Fink, LLP ( email )

7 World Trade Center
New York, NY 10007
United States

HOME PAGE: http://www.kflaw.com/

New York University School of Law ( email )

40 Washington Square South
New York, NY 10012-1099
United States

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