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

Kevin Thorn of Thorn Law Group discusses impact of recent Intergovernmental Agreements (IGA’s) with the Cayman Islands and Costa Rica. The IGAs require Cayman and Costa Rican banks to disclose account information to the U.S. government.

Kevin E. Thorn of Thorn Law Group discusses the growing impact U.S. investigations of Swiss banks is having on U.S. clients and asks the question “Is it too costly for Swiss and other European banks to keep U.S. account holders?”

Thorn Law Group reports Swiss Finance Minister's announcement that Switzerland has taken two major steps in dismantling its longstanding institution of bank secrecy by signing the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters and agreeing to disclose account information on international data exchange.

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