The disclosure of U.S. taxpayer account information is happening because some of the banks in Switzerland are joining the IRS Voluntary Disclosure Program for banks.

US Taxpayers have one week to come forward and disclose their accounts before December 31, 2013.

IRS issues summonses to five US Banks for account holders suspected of tax evasion.

Patricia Lynn Hough, of Englewood, Fla., was convicted today by a jury in Fort Myers, Fla., of conspiring to defraud the Internal Revenue Service.

Bank Frey is the latest Swiss bank to close its doors and leave many U.S. clients with disclosed and undisclosed offshore bank accounts.