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U.S. Taxpayer Account Holder Information May Be Revealed Soon, Because Credit Suisse Has Agreed To Pay 2.6 Billion To The U.S. Government

Offshore Account Update

Posted on May 22, 2014 |

United States account holder information may be revealed soon, because Credit Suisse has agreed to pay 2.6 billion dollars to the U.S. Government.  Because of this landmark case, foreign banks may now enter into their own plea agreements with the U.S. Government in order to avoid criminal prosecution.

Credit Suisse has pleaded guilty and has also agreed to pay a hefty fine, with this admission also comes the fact that no matter how big and powerful a bank may be, it is not above the law. The Department of Justice (DOJ) will prosecute any company or individual that engages in any dishonest or illegal financial activity.

American Taxpayers with undisclosed foreign accounts should enter into the IRS's Voluntary Disclosure Program before their information is revealed to the U.S. Government.  After a U.S. Taxpayers undisclosed overseas accounts are revealed it will be too late and they may face criminal prosecution to the fullest extent of the law for not coming back into compliance.

If you have an undisclosed bank account please contact Kevin E. Thorn, Managing Partner of Thorn Law Group, today at (202) 270-7273.

For a consultation, contact Kevin E. Thorn, Managing Partner, at ket@thornlawgroup.com or (617) 692-2989


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