IRS’s New Amnesty Program for Undisclosed Offshore Account Holders Comes at a Critical Time: Credit Suisse Turns Over U.S. Client Data

Offshore Account Update

Posted on August 18, 2011 |

The IRS reported that eight banks, including the Swiss bank Credit Suisse, 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 Credit Suisse, 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!

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