201904.28
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Zurich Insurance DOJ Penalties – Swiss Insurer Caught Hiding Assets

Zurich Insurance DOJ Penalties – Swiss Insurer Caught Hiding Assets It is safe to say that as a result of FATCA, renewed interest in FBAR, and the U.S. forming various International Tax and Reporting enforcement groups, that Switzerland’s ability to act as a safe offshore tax haven to hide U.S. client assets has long passed….

201904.24
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Offshore Private Banking Campaign 2019 – IRS Increases Enforcement

Offshore Private Banking Campaign 2019 – IRS Increases Enforcement The IRS continues to increase enforcement on all things “offshore.” On April 16, 2019, the IRS introduced new International Tax campaigns, and one of the main focuses is Offshore Private Banking Campaign. Common Questions about Offshore Private Banking Campaign: What is an Offshore Account? From the…

201904.21
1

Offshore Amnesty Program – IRS Offshore Amnesty Program 2019

Offshore Amnesty Program – IRS Offshore Amnesty Program 2019 IRS Offshore Amnesty: By making an IRS Offshore Amnesty Disclosure, you will reduce or avoid IRS, FBAR & FATCA fines & penalties. Offshore Amnesty Program We have worked with thousands of clients, and submitted more than 1000 IRS Offshore Amnesty Disclosures to the IRS. There are…

201904.14
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Courts Reject Kovel – No Attorney-Client Privilege for the Accountant

Courts Reject Kovel – No Attorney-Client Privilege for the Accountant Court Rejects Kovel: If your Attorney relies on a Kovel Accountant, your Confidentiality is at risk.  One example is Cavallaro vs. United States. First, a bit of context: Offshore Disclosure is a Tax & Legal Submission When a person decides to submit an offshore tax disclosure…