Other Swiss Banks in talks with United States for Global Deal: Undisclosed Account Holders to possibly be Disclosed!
Offshore Account UpdatePosted on August 2, 2011 | Share
The associated press has reported that Switzerland and the United States are talking about a joint settlement with other Swiss and European banks to avoid potential U.S. investigation and prosecution.
It is reported that such a settlement would invite banks to:
- Pay a fine.
- Exit their undeclared offshore banking business for Americans.
- Turn over client names to the IRS and Department of Justice.
And if banks Opt Out of deal, further scrutiny could result!
What does all this mean? Bad news for those US Taxpayers with undisclosed accounts?
The solution is simple, come forward now and enter the Amnesty Program!
A voluntary disclosure can help prevent this outcome. Find out your options today!
The attorneys at Thorn Law Group have experience in assisting U.S. taxpayers into compliance through voluntary disclosure. If you have an undisclosed offshore account contact Thorn Law Group now before it's too late!
