IRS’s New Amnesty Program for Undisclosed Offshore Account Holders Comes at a Critical Time: Basler Kantonalbank Turns Over U.S. Client DataOffshore Account Update
Posted in on August 19, 2011
The IRS reported that eight banks, including the Swiss bank Basler Kantonalbank, turned over U.S. client data on taxpayers suspected of tax evasion on January 30, 2012. This does not put an end to the negotiations between the U.S. and Switzerland; three more banks are still expected to turn over client data and a total of 11 banks, also including Basler Kantonalbank, are expected to pay heavy fines.
The attorneys at Thorn Law Group have experience in assisting U.S. taxpayers into compliance through the 2012 IRS Voluntary Disclosure Program. If you have an undisclosed offshore account contact Thorn Law Group now before it's too late!