Law & Numbers - News Tax

USA – EFFECTIVE DEADLINE FOR VOLUNTARY DISCLOSURE – SHORTENED

10.03.2011



On February 8th 2011 the IRS had set August 31st, 2011 as a deadline for voluntary disclosure by US citizens, residents and entities of their non-US assets and financial affairs not in compliance with their US tax reporting obligations. However, it appears the effective deadline will be much shorter, as the IRS is about to secure records of accounts at various banks (including Credit Suisse, Bank Frey, Leumi, Maerki Baumann and a Hong Kong bank). The specter of criminal prosecution looms over those account holders that have not yet complied.






Warning: mysqli_close() expects parameter 1 to be mysqli, null given in /home/www/web614/html/inc/connclose.php on line 3
Die Datenbankverbindung wurde nicht geschlossen.