Lots of new posts over at http://foreignbankaccountamnesty.com.  We’re massively busy with this stuff right now.  The deadline is September 23, 2009, so go over there, take a look around, and call us if you need help coming clean with the IRS on unreported offshore income or financial accounts. Call me.  Mobile +1-626-437-2500.  Yeah, even weekends.  [...]

Jack Townsend has — as usual — a thoughtful analysis of the implications of the UBS settlement in which UBS will cough up a few thousand names of U.S. taxpayers.  (Exact details of the settlement haven’t been publicized yet.) It seems clear to me (and to Mr. Townsend) that the settlement depends on the Swiss [...]

For your reading pleasure, here is Notice 2009-62.  If you have signature power over a foreign financial account but the money isn’t yours, then you have an extension of time to deal with the “Come to Jesus!” clean-up and file all of your paperwork with the IRS. If this applies to your particular situation, it [...]

The Swiss government is thinking about the proposed settlement in the UBS litigation.  (The settlement would have UBS disclose some names, but not the names of all of its 52,000-ish U.S. customers.  Convenient fig leaf for UBS and IRS.) Reuters reports on Swiss cabinet meetings on this point.  From the article, we can see a [...]

Yesterday I posted about the IRS strategy was in the FBAR amnesty process–a quest to identify other Swiss banks, then go after them hammer and tongs (Caution:  sound file) in order to squeeze names of U.S. taxpayers out of them or scare bank customers into voluntary disclosure. Here’s evidence that the hunting strategy is indeed [...]