Yahoo News reports that the U.S. has just filed a lawsuit in Federal court to force UBS AG to disclose the names of over 50,000 American taxpayer-investors. The company said it will fight in court to keep the names private, arguing Swiss bank secrecy laws shield those customers. The lawsuit comes a day after the [...]
Tags: Tax Crimes
Reuters reports that Swiss Bank UBS AG will give the U.S. Department of Justice the names and account information of it’s customers: In an unprecedented move, UBS, based on an order by the Swiss Financial Markets Supervisory Authority (FINMA), agreed to immediately provide the U.S. government with the identities of, and account information for, certain [...]
Tags: Tax Crimes
You have the right to appeal any IRS action, determination, decision or ruling. The method and manner of the appeal varies depending on the nature of the dispute. IRS Appeals Rights Chart The following chart shows the various IRS appeals processes and how and when to apply for them. IRS ACTION WHEN TO APPEAL HOW [...]
Tags: IRS Audits · Tax Collections · Taxpayer Rights
I was going to write a post about each of the tax provisions of the American Recovery and Reinvestment Act (the Stimulus Bill) signed into law today by President Obama. It’s a good thing I checked out Joe Kristan’s Tax Updates Blog first because he already did it. Here are the permalinks to his posts: [...]
Tags: Legislative Watch · News
Tax debtors are not unlike other debtors. They, too, want to protect their assets from potential seizure. But if they do it illegally or fraudulently, the IRS has the power to refer the matter to its Criminal Investigation Division (CID). Taxpayers have to be extremely careful before embarking on a plan of asset protection when [...]
Tags: Tax Collections · Tax Crimes
If an IRS official believes that you might have broken the law or are currently breaking the law, he or she will refer the matter to the IRS Criminal Investigation Division (CID). The Top Criminal Violations Investigated by CID The most frequently investigated criminal violations are: Failure to file an income tax return Structuring transactions [...]
Tags: Tax Crimes · Unfiled Returns
We have written extensively about the three Taxpayer Bills of Rights that have been signed into law in the last twenty years. This article carves out for discussion the applicable provisions of the Bills that apply to the IRS Audit process and grades the IRS’s performance with respect to each taxpayer right using the following [...]
Tags: IRS Audits · Taxpayer Rights
