U.S. Taxpayers with Undisclosed Offshore Accounts and that have Received a Letter from a Swiss Bank should enter the IRS Voluntary Disclosure Program Before Your Information is Disclosed to the IRS!Offshore Account Update
Posted on March 26, 2014 | Share
U.S. Taxpayers with undisclosed Swiss accounts that have been sent letters by Swiss Banks should know that the Swiss Banks will potentially provide information about U.S. Taxpayers with undisclosed Swiss bank accounts to the IRS. This disclosure of U.S. taxpayer account information is happening because some of the banks in Switzerland are joining the IRS Voluntary Disclosure Program for banks. The Swiss banks that are entering into the IRS Voluntary Disclosure Program are trying to avoid criminal prosecution and/or investigation.
American Taxpayers with undisclosed Swiss bank accounts need to enter into the IRS Voluntary Disclosure Program before their account information is revealed to the Department of Justice and the IRS. U.S. Taxpayers must come into compliance before the IRS or the Department of Justice contacts them or they could face a criminal investigation.
The attorneys at Thorn Law Group have experience in assisting U.S. taxpayers into compliance through the IRS Amnesty Program. If you have an undisclosed offshore account contact Thorn Law Group now before it's too late!