Tag Archives: tax crime
New Law’s Reporting Requirements Make It Very Likely That the IRS Will Now Know About Your Foreign Account
you should assume that the IRS will eventually be informed of your foreign account, and criminal prosecution for non-disclosure and non-reporting will likely follow
Is HSBC the next UBS nightmare?
clients with a foreign HSBC account should be seriously concerned about disclosure of the account to the government, which could result in criminal prosecution and significant civil penalties.