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Dual Citizenship and FBAR: Do You Need To File?

IRS regulations mandate that all Americans file tax returns, even if they live, work and pay taxes in another country. This can be a significant problem if you have dual citizenship and have not filed a U.S. income tax form. Many persons with dual citizenship may be unaware they need […]

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Department of Justice Examining HSBC’s Offshore Activity

In 2008, the Justice Department began an investigation into HSBC, the London based bank. According to The New York Times, the investigation centers around HSBC’s sale of offshore tax services to American citizens. These offshore services are suspected, by the Justice Department, of hiding billions of dollars for clients, who […]

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Credit Suisse Handing Over U.S. Account-Holder Information

The term “Swiss bank account” has long been synonymous with secrecy and security. However, that reputation may be dwindling as another Swiss bank prepares to turn over information about U.S. account-holders to the Internal Revenue Service (IRS). The U.S. government is focusing on eradicating tax evasion by looking at taxpayers’ […]

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Offshore Accounts/International Tax Disputes

The Federal government, including the IRS, is engaged in intensifying efforts to increase collection of taxes on assets and income originating in other countries. U.S. citizens and permanent residents who have assets and income from abroad should be alert to the likelihood of being targeted in an audit. Take action […]

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U.S. Offshore Account Lawyer

United States Investigation of Swiss Banking Giant UBS In June 2007, the United States government launched a civil and criminal investigation against Swiss banking giant UBS AG (“UBS”) and its U.S. account holders, many of whom had allegedly violated United States law by failing to disclose the existence of offshore accounts […]

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Nationwide IRS Tax Lawyer for Offshore Accounts

U.S. Investigation of HSBC Recently, HSBC, one of the world’s largest banks, came under the microscope of the United States Department of Justice and the Internal Revenue Service. The investigation began when a Virginia doctor returning from Switzerland lied to customs agents who asked if the doctor had mailed any […]

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