Articles

Results 1 to 5 of 48
Most popular |Most recent


DOJ issues further guidance on Swiss bank program

USA - June 6 2014 Yesterday the Justice Department's Tax Division issued further "comments" regarding its "Program for Non-Prosecution Agreements or Non-Target Letters...

IRS Commissioner hints that OVDP modifications are in the works

USA - June 5 2014 Since 2009, the Internal Revenue Service has offered three different amnesty programs for taxpayers with undeclared foreign bank accounts. These...

FBAR penalty to face Excessive Fines Clause test

USA - June 4 2014 Last week, a federal jury in Miami found that Carl Zwerner had willfully failed to disclose his foreign bank account to the Treasury Department for...

The steady March toward FATCA implementation: 77,000 financial institutions registered and nearly 70 IGAs reached

USA, Global - June 3 2014 On June 2, 2014, the U.S. Treasury and the Internal Revenue Service announced further developments as the July 1 implementation date of the Foreign...

Court’s ruling holding corporate officer responsible for trust fund recovery penalty illustrates risk of personal liability for unpaid employment taxes

USA - May 2 2014 A district court in the Northern District of California has held that the officer of a now-defunct corporation is personally responsible for the...