Comments on: UBS Deal with U.S. Threatened by Vote in Swiss Lower House http://www.fuerstlaw.com/wp/index.php/14/ubs-deal-with-u-s-threatened-by-vote-in-swiss-lower-house/ Fuerst Ittleman Law Firm Fri, 03 Feb 2012 21:47:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: IRS Withdraws “John Doe” Summons Against UBS | Fuerst Ittleman http://www.fuerstlaw.com/wp/index.php/14/ubs-deal-with-u-s-threatened-by-vote-in-swiss-lower-house/comment-page-1/#comment-19133 IRS Withdraws “John Doe” Summons Against UBS | Fuerst Ittleman Tue, 30 Nov 2010 19:47:35 +0000 http://www.fuerstlaw.com/wp/?p=409#comment-19133 [...] As we previously reported, the IRS originally filed its “John Doe” Summons, a summons where the name of the taxpayer under investigation is unknown and therefore not specifically identified, against UBS in 2008. In 2008, the IRS increased its efforts in pursuing U.S. taxpayers who had avoided federal taxes by holding money in undeclared offshore accounts. An undeclared account is an account for which the IRS does not have a W-9 form from the account holder. At that time of the filing of the Summons, the IRS sought details from UBS on 52,000 undeclared accounts, held by U.S. taxpayers at UBS in Switzerland at any time between 2002 and 2007. [...] [...] As we previously reported, the IRS originally filed its “John Doe” Summons, a summons where the name of the taxpayer under investigation is unknown and therefore not specifically identified, against UBS in 2008. In 2008, the IRS increased its efforts in pursuing U.S. taxpayers who had avoided federal taxes by holding money in undeclared offshore accounts. An undeclared account is an account for which the IRS does not have a W-9 form from the account holder. At that time of the filing of the Summons, the IRS sought details from UBS on 52,000 undeclared accounts, held by U.S. taxpayers at UBS in Switzerland at any time between 2002 and 2007. [...]

]]> By: HSBC is New Target of DOJ Investigation into International Banks and Tax Evasion | Fuerst Ittleman http://www.fuerstlaw.com/wp/index.php/14/ubs-deal-with-u-s-threatened-by-vote-in-swiss-lower-house/comment-page-1/#comment-4419 HSBC is New Target of DOJ Investigation into International Banks and Tax Evasion | Fuerst Ittleman Wed, 28 Jul 2010 20:18:55 +0000 http://www.fuerstlaw.com/wp/?p=409#comment-4419 [...] next bank to draw the attention of the Internal Revenue Service (IRS) after the UBS investigation, on which we previously reported, is London-based [...] [...] next bank to draw the attention of the Internal Revenue Service (IRS) after the UBS investigation, on which we previously reported, is London-based [...]

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