If you have money socked away in a secret Swiss bank account the IRS is going to hunt you down. I think I'll catch a plane to Geneva this week and get my money out of there.-Lou
IRS squeezes Swiss bank clients for evidence
WASHINGTON: The IRS is ratcheting up the pressure on Americans who kept secret Swiss bank accounts, giving them six months to come clean and cough up any evidence against their advisers or bankers.
Tax lawyers told The Associated Press Thursday that demands for information and evidence have increased sharply since the government sued UBS AG to try to get the names of tens of thousands of U.S. citizens who may have dodged taxes through Swiss accounts.
Putting the squeeze on rich Americans who hid their wealth, IRS Commissioner Douglas Shulman on Thursday also laid out a six-month window for those with secret offshore accounts to come clean under specific terms and penalties.
Read More:
http://www.iht.com/articles/ap/2009/03/26/business/UBS-Secrets-Clients.php
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment