Do Your Clients Still Have Hidden Foreign Accounts?

The events of the past year make it clear that the U.S. government has launched an unprecedented assault on taxpayers who hide their assets in offshore bank accounts. In addition to bringing numerous criminal cases, the government has accepted thousands of taxpayers' voluntary disclosures of their hidden foreign bank accounts in exchange for the promise not to prosecute and leniency on penalties.1

The events of the past year make it clear that the U.S. government has launched an unprecedented assault on taxpayers who hide their assets in offshore bank accounts. In addition to bringing numerous criminal cases, the government has accepted thousands of taxpayers' voluntary disclosures of their hidden foreign bank accounts in exchange for the promise not to prosecute and leniency on penalties.1

The government's formal voluntary disclosure program for foreign bank account

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