Do I need to file Form 8938, “Statement of Specified Foreign Financial Assets”?

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In an effort to combat taxpayers who are not reporting income…

Court Authorizes IRS to Issue Summonses for Records Relating to U.S. Taxpayers with Offshore Bank Accounts

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A number of U.S. taxpayers with beneficial ownership and control…

HSBC Clients With Asian Accounts Said to Face U.S. Tax Probe

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The Justice Department is conducting a criminal investigation…

Credit Suisse Helped Wealthy Americans Cheat The IRS

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A Senate Report just issued states that Swiss banking giant Credit…

IRS Processing Information Reported by Foreign Banks of their U.S. Accountholders

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The Department of Justice started pressuring Swiss Banks including…