IRS Makes New Treaty Request to Swiss Authorities for Information on U.S. Taxpayers with Undisclosed Offshore AccountsOffshore Updates
Posted in on August 6, 2012
Spokesperson for the Swiss Federal Tax Administration (FTA), Thomas Brueckner, recently confirmed that U.S. authorities made a firm request on July 9, 2012 to seek administrative assistance from the Swiss government. U.S. authorities have requested that the Swiss release U.S. client data from all eleven Swiss banks currently under investigation, including Credit Suisse and Julius Baer, to the IRS and DOJ. The newly reformulated treaty request is more narrowly defined in order to obtain information on specific U.S. clients that the IRS and DOJ intend to target.
The attorneys at Thorn Law Group have experience in assisting U.S. taxpayers into compliance through the IRS Amnesty Program. If you have an undisclosed offshore account contact Thorn Law Group now before it's too late!