UBS to Turn Over 4,450 Names of Tax Evaders as IRS Receives Voluntary Disclosures From 14,700
Our Fort Myers tax evasion criminal defense lawyers have closely followed the voluntary disclosure program offered by the IRS throughout 2009, because we offer aggressive legal defense for taxpayers in just that situation. The voluntary disclosure program allowed taxpayers who failed to declare income from overseas accounts to come forward with that information, in exchange for reduced penalties and very little chance of prison time. That was particularly important because the IRS was also in negotiations with Swiss bank UBS for most of the year to learn the names of U.S. taxpayers that the bank had admittedly helped to evade their taxes. The voluntary disclosure program ended Oct. 15, and according to a Nov. 17 article from the Associated Press, it saw unprecedented participation from a total of more than 14,700 taxpayers.
However, UBS still intends to turn over names of 4,450 more accountholders as part of its legal settlement with the federal government. And UBS accountholders are far from the only overseas accountholders likely to be affected by the ongoing IRS crackdown on tax evasion. Our West Palm Beach tax evasion criminal defense lawyers can still represent these clients in negotiations with the IRS -- or, if it comes to this, in tax court. If you're in this situation or think you might be and you'd like to learn more, don't wait to call Balliro, Galasso, Leskovich & Seltzer for a free consultation. You can reach us toll-free from anywhere in Florida at 1-866-ARRESTED or contact us through our Web site.
