There’s a deal in place, says the Wall Street Journal. No details yet, so let’s see if/how much the Swiss have bent on secrecy. At least all of my UBS clients are in the pipeline already.

Jack Townsend does a better job at parsing the results than I ever will. Go to Jack’s blog post and read all about it. As Rufus Rhoades tells me every time we have lunch, “It’s only money.” Mr. Get-In-Line-Brother, Jeff Chernick, learns this lesson late in life (at age 70). As the game show used [...]

The IRS process for starting an amnesty application for an offshore bank account has an interesting thing in it. You tell me: sneaky or sloppy? The process up to now The process for an amnesty application up to now has been pretty clean. Start the voluntary disclosure process, go all the way to the end, [...]

The IRS is changing the way this is done.  My guess?  Too much paperwork.  They need triage to sort the voluntary disclosures into the “Woo hoo! We landed a big one!” pile and the “Meh, that’s boring!” pile. We have finally migrated to a formal letter with actual information being asked.  This should eliminate the [...]

Jello Shot Number 2. (Shameless promotion: subscribe to my email newsletter.  There’s a place in the sidebar of this blog where you can sign up.) Just finished Just finished a private mortgage project with a nonresident lender. U.S. partnership bought commercial real estate. Thought you should know how these work. The good stuff The borrower [...]