Voluntary Disclosures Still Being Accepted by IRS from Taxpayers with Undisclosed Accounts: 2012 IRS Amnesty InitiativeOffshore Updates
Posted in on June 28, 2012
In cooperation with the U.S., Credit Suisse and Liechtensteinische Landesbank began the process of turning over client data, which encouraged U.S. taxpayers to come forward through the IRS's 2012 Amnesty Initiative in order to avoid criminal investigation .
U.S. authorities have not lost sight of the bigger picture; other banks believed to be under investigation include: HSBC Holdings Plc, Basler Kantonalbank, Wegelin & Co., Zuercher Kantonalbank, Julius Baer Group Ltd., Bank Leumi Israel BM, Bank Hapoalim BM, Mizrahi-Tefahot Bank Ltd., and NZB AG. U.S. taxpayers continue to come forward to protect themselves from criminal investigations that could spur from these on-going negotiations with the banks.
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!