American Taxpayers With Undisclosed Overseas Accounts May Soon Have Information Given To The U.S. Government, Because Credit Suisse Has Agreed To Pay 2.6 Billion Dollars In Fines To the U.S. GovernmentArticles/News, Offshore Account Update
Posted on May 21, 2014 | Share
American Taxpayers with undisclosed foreign accounts may soon have their account information given to the United States Government, because Credit Suisse has agreed to pay over 2.6 billion dollars in fines to the U.S. Government, and has also pleaded guilty to various illegal financial activity. Because of this landmark case, other foreign banks may now enter into plea agreements with the U.S. Government.
The Department of Justice (DOJ) has proven that no matter how big and powerful a bank may be, no financial institution is above the law. Any company or individual who has engaged in illegal financial activity with an overseas bank is now open to possible criminal investigation and hefty fines.
U.S. Taxpayers with undisclosed overseas accounts should come forward and enter into the Internal Revenue Services’ (IRS) Voluntary Disclosure Program before their hidden foreign accounts are revealed.
The attorneys at Thorn Law Group have experience in assisting U.S. taxpayers into compliance through the 2012 IRS Amnesty Program. If you have an undisclosed offshore account contact Thorn Law Group now!