U.S. Taxpayers With Undisclosed Swiss Accounts Are Being Disclosed by Swiss Banks!Offshore Account Update
Posted on March 22, 2014 | Share
U.S. taxpayers with undisclosed Swiss accounts are being disclosed by Swiss banks. In addition, U.S. Taxpayers with recently closed Swiss accounts that were undisclosed will be reported to the IRS too. American Taxpayer account information is being disclosed because some Swiss Banks are participating in the IRS Voluntary Disclosure Program for banks. The Swiss banks that are entering the Voluntary Disclosure Program are trying to avoid severe penalties, criminal prosecution and/or criminal investigation.
American Taxpayers with undisclosed Swiss bank accounts should enter the Internal Revenue Service, (IRS), Voluntary Disclosure Program and come into compliance before their undisclosed account information is disclosed to the IRS and they receive a letter from the IRS, in which case they could face criminal prosecution, and/or severe penalties.
If you have an undisclosed Swiss account or have received a letter from a Swiss bank, please contact Kevin E. Thorn, Managing Partner, at email@example.com or (617) 692-2989