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

UBS reached a final deal with the US Department of Justice and the Internal Revenue Service: it will disclose the names and account details for more than 4,450 Americans suspected of tax evasion

Posted in Offshore Account Update, UBS / HSBC on September 8, 2009 | Share

But do not breathe a sigh of relief just yet.  The criteria used to refine the list is a closely-guarded secret.  Any UBS depositor is still at risk.  We simply cannot know for sure for whom or what the US government is looking. 
Further, many believe that this is only the beginning.  Recent events suggest that the Swiss government is ready, willing and able to relinquish its title as the reigning leader of bank secrecy and privacy.  More names of American depositors will most likely come down.  And with a little over one month left in the amnesty period for voluntary disclosure, any American taxpayer with deposits at UBS needs to weigh the risks of disclosure and tax payments now or higher penalties (or worse) later.

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 E. Thorn and the tax attorneys at Thorn Law Group are exceptional. When I came to them, I had just received a letter from the Department of Justice concerning an undisclosed bank account at a Swiss bank. I thought I was going to go to jail and lose everything I had worked for just because my family and my business are international. Mr. Thorn's knowledge of the tax laws and his skills in presenting my situation to the IRS and Department of Justice proved superior!"
Emma Zdon