The Internal Revenue Service (IRS) and the United States Department of Justice (DOJ) have recently received millions of encoded emails between client advisors of Swiss banks and their U.S. clients from the Swiss Finance Minister. The key to decoding these documents will be given to the IRS when a deal is made between the U.S. and the Swiss governments. Among the Swiss banks involved are Credit Suisse and Clariden Leu. If you are a U.S. taxpayer with any undisclosed offshore accounts, now is the time to come forward.
United States government officials recently announced the new 2012 Offshore Voluntary Disclosure Initiative to encourage U.S. clients with undisclosed offshore accounts to come into compliance.
U.S. taxpayers who successfully complete the 2012 IRS Offshore Voluntary Disclosure Program will avoid severe civil penalties and criminal prosecution.
Thorn Law Group has the international tax experience to represent individuals, banks or financial institutions before the IRS and the Department of Justice and to defend your interests in private matters. If you need an attorney with international tax law experience, as well as government experience, contact Thorn Law Group.