IRS Sues Taxpayer to Collect $1M for hidden Swiss Offshore Account IRS Sues Taxpayer to Collect $1M for Hidden Swiss Offshore Account: The IRS FBAR money train is on a collision course with any U.S. Person who may have violated Foreign Bank and Financial Account Reporting. IRS Sues Taxpayer to Collect $1M for Hidden Swiss Offshore…
German Offshore Tax Investigation Hits Multiple Banks for Evasion
German Offshore Tax Investigation Hits Multiple Banks for Evasion German Offshore Tax Investigation Hits Multiple Banks for Evasion: A common misconception people have, is the notion of out of sight, out of mind. German Offshore Tax Investigation Hits Multiple Banks for Evasion Unfortunately that is not how tax investigations work. Oftentimes, an international tax investigation…
IRS Files Complaint to Collect FBAR Interest & Late-Payment Penalty
IRS Files Complaint to Collect FBAR Interest & Late-Payment Penalty Like a Predator going in for the kill, the IRS smells blood and has become relentless in collecting Penalties against Teymour Khoubian. What makes this matter so intense, is that Defendant already paid a $7.7M FBAR Penalty Judgment. IRS Files Complaint to Collect FBAR Interest…
IRS joins Forces with Finland to Crack Down on Income Tax Evasion
IRS joins Forces with Finland to Crack Down on Income Tax Evasion While Finland may have won the award for “happiest country in the world,” it may not be paradise for any U.S. Individual, Business, or Institution that gets caught in the IRS cross-hairs for using Finland as a conduit or catalyst for tax evasion….
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….