Experienced Tax Attorneys

Call Us Confidentially Now: 202-349-4033

Call us confidentially now:

Confidential & Experienced Tax Lawyers

Get Help Now: 202-349-4033

News & Events

HSBC Account Holder Pleads Guilty to False Filings

Posted in Offshore Account Update, UBS / HSBC on April 18, 2011 | Share

On April 13, 2011, another U.S. taxpayer, Josephine Bhasin, with an offshore account held with HSBC pled guilty to charges of willingly filing false tax returns, false amended tax returns, and false FBARs.  Ms. Bhasin of Huntington, NY, will receive a maximum sentence of 3 years in jail and a maximum fine of $250,000. These criminal penalties are in addition to civil penalties, which Ms. Bhasin has agreed to. The agreement includes a civil penalty of 50% of the high year of Ms. Bhasin’s HSBC account during 2004 to 2009.

The request to serve a John Doe Summons has been granted on behalf of the IRS and  has been a strong weapon in the arsenal of the government for building cases against U.S. taxpayers.  Some taxpayers are believed to be evading taxes with the alleged help of foreign banking giant, HSBC.

A voluntary disclosure can help prevent this outcome. Find out your options today!

The attorneys at Thorn Law Group have experience in assisting U.S. taxpayers into compliance through voluntary disclosure. If you have an undisclosed offshore account contact Thorn Law Group now before it's too late!

Thorn Law Group

Get Trusted Help Now

Over 80 years of expertise for your complicated tax law issues.

Back to the Top

Hear What Our Clients Have To Say

"Kevin Thorn, Managing Partner of Thorn Law Group, is an excellent adviser. My family and I are US citizens living in Europe and the US. Mr. Thorn helped us to understand our opportunities for international investments and estate planning issues so that my siblings and I may continue to further the growth of our businesses, to care for our aging parents and provide for our children. Mr. Thorn and his team were sensitive to our family's needs and helped us identify and understand our options and potential risks associated with US and international activity."