Offshore Tax Evasion Defense
Former Banker Guilty of Helping Americans Evade Taxes With Foreign Accounts
Tuesday, August 9th, 2011I recently came across an interesting article on Bloomberg regarding a former banker charged with assisting consumers evade taxes by hiding funds in foreign offshore accounts.
I mentioned this case of tax evasion on my Tax Resolution University blog earlier this week. Martin Lack who is a former banker at UBS AG and independent investment adviser was [...]
IRS One Step Closer to Preventing Offshore Tax Evasion with Global Resolution
Thursday, July 14th, 2011I recently discussed on my blog, the Tax Resolution University an article from PRWeb on The Global Resolution. What is The Global Resolution? It is the negotiations between foreign banks and the U.S. Government towards an agreement that will, once finalized, help put a stop to offshore tax evasion. This agreement will accomplish this by [...]
Tax News Alert: Consumers With Offshore Bank Accounts Must Act Quickly to Take Advantage of IRS Amnesty Program
Friday, May 27th, 2011The IRS is giving consumers a break this year with their second round of the voluntary disclosure program, due to expire in August, 2011.
For those consumers who have undisclosed offshore bank accounts, it is wise to take advantage of this opportunity (which the IRS claims to be their last) to reduce potential IRS penalties.
I’ve recently [...]
Tax Help News: Offshore Account Holders Need to Take Advantage of Limited IRS 2011 Amnesty Program
Friday, February 18th, 2011A recent article on the Tax Resolution University blog shared great news for offshore account holders who have undisclosed bank accounts.
The IRS takes offshore tax evasion very seriously and will fine severely for non-compliant taxpayers. According to the article, “consumers holding undisclosed offshore accounts will have until Aug. 31, 2011, to step forward, file, [...]
Tax Resolution News: Offshore Bank Account Holders Still Need Tax Relief as IRS Plans Further Actions
Tuesday, December 21st, 2010If you hold offshore or other undeclared foreign accounts, it’s time to become compliant. That is the message the IRS is sending to Americans who have sheltered funds in other countries.
The IRS has been putting tremendous pressure on foreign banks—with success—to disclose their American account holders. Swiss giant UBS, in the face of legal action [...]
The IRS Turns Up Enforcement Heat Around the Globe for Offshore Bank Account Holders
Sunday, October 31st, 201076-year-old Leonid Zaltsberg from Milltown, N.J., has lived an extraordinary life. He played for the Soviet Union’s national soccer team, competed in the World Cup, and now works with Ukraine’s national team.
However, he has recently joined another extraordinary group: U.S. tax cheats who’ve been convicted of evasion following the release of account information from Swiss bank UBS.
Zaltsberg admitted [...]
Offshore Bank Accounts – Get Tax Help if You Missed the FBAR Amnesty Deadline for IRS Voluntary Disclosure
Sunday, August 29th, 2010If you have undeclared funds in foreign bank accounts, now is the time to act!
Did you know that FBAR tax penalties can amount to 200-300% of the asset value of an offshore account? If you have an offshore account and missed the IRS’s Foreign Bank and Financial Accounts (FBAR) amnesty deadline (October 15th), it is not [...]
Back Taxes Giving You a Headache? Say Goodbye to IRS Problems with TRS Tax Help
Wednesday, August 18th, 2010If the IRS is demanding full payment of back taxes up-front or a payment plan that is substantially higher than what you can afford to pay, don’t give up. Tax problems can be disheartening. Oftentimes it seems like there is no solution to your problem. Well, that isn’t true. If you qualify, professional tax help can [...]
IRS Tax Settlements for Offshore Bank Accounts – Tax Help for Overseas Account Holders
Monday, August 9th, 2010For taxpayers who have undeclared funds in foreign bank accounts, this is the right time to act in order to limit your chances of criminal prosecution. You could minimize severe IRS penalties by working out a structured IRS payment plan.
The U.S. government loses billions in tax revenues every year from offshore accounts held by American [...]
IRS Gets Tough, Closes Another Tax Evasion Chapter
Tuesday, July 13th, 2010With a historic deal on the brink of collapse, the Swiss parliament has approved the release of banking data to the Internal Revenue Service. After the deal almost fell apart, the Swiss parliament and Swiss bank UBS agree to provide data to the IRS, finally collapsing the world’s most famous tax shelter.
This deal, brokered in the [...]