After recent charges that certain Swiss bankers assisted U.S. taxpayers in maintaining undisclosed offshore bank accounts, the Internal Revenue Service (IRS) and the U.S. Department of Justice (DOJ) have begun investigating the Swiss bank Wegelin.
IRS and DOJ officials have been given thousands of pages of encoded data by the Swiss Finance Ministry. As soon as the U.S. and Swiss governments reach an agreement the data will be decoded and any U.S. taxpayer maintaining an undisclosed offshore bank account at a Swiss bank will be prosecuted. Now is the time for U.S. taxpayers who have not revealed their hidden offshore accounts to disclose them to the IRS.
IRS officials recently introduced the 2012 Offshore Voluntary Disclosure Program to further encourage U.S. taxpayers with undisclosed offshore accounts to come into compliance.
Successfully completing the 2012 IRS Offshore Voluntary Disclosure Program will help U.S. taxpayers with undisclosed offshore accounts avoid severe civil penalties and criminal prosecution. The international attorneys of Thorn Law Group represent U.S. taxpayers making voluntary disclosures of their undisclosed overseas bank accounts.