Tax dodgers scramble to come clean amid crackdown
A deal with Switzerland settling U.S. demands for the names of suspected tax dodgers from a Swiss bank has a lot of wealthy Americans with offshore accounts nervously running to their tax advisers — and the Internal Revenue Service.
"They are very frightened," said Richard Boggs, chief executive of Nationwide Tax Relief, a Los-Angeles-based tax firm that specializes in clients with tax debts exceeding $100,000. "You have the super rich who are not used to being pushed around and they are finding themselves in unfamiliar territory."
The U.S. and Swiss governments announced a court settlement last week in efforts by the IRS to force Zurich-based UBS AG to turn over the names of some 52,000 Americans believed to be hiding nearly $15 billion in assets in secret accounts.
Rest of article:
http://news.yahoo.com/s/ap/20090815/ap_ ... _crackdown
Oh, poor babies. You have my sympathy.
Moderators: thunder, fruitbat, Chari910, Marie, Helen8, Gillian, kjshd05, catloveyes, LadyLucius
- Hilary the Touched
- Site Registrant
- Posts: 7197
- Joined: Sat Jul 23, 2005 2:11 pm
- Location: The Frozen North
- Contact: