Taxation & Estate Planning

IRS Extends Tax Amnesty Deadline for Those With Offshore Accounts to Oct. 15
The IRS today (IR-2009-84) extended its amnesty program (see FAQ here) for individuals who have evaded U.S. taxes through offshore accounts for an additional 22 days -- to October 15...

Offshore Accounts in Dangerous Waters
According to "IRS: Offshore account holders told fess up to lower penalties" (03/27/09) by Kevin McCoy, published in USA Today, the Internal Revenue Service finally is claiming its tax stake in unreported offshore accounts owned or controlled by U...

Tax crackdown on offshore accounts
UP to 80,000 wealthy investors suspected of evading tax by using offshore bank accounts are facing investigation over the next two years, it can be revealed.

NLJ: IRS Probe of Offshore Accounts Keeps Lawyers Busy
National Law Journal: Offshore Accounts Causing Angst; The IRS' Stepped-up Probe of Swiss UBS Is Keeping Lawyers Busy, by Pamela A. MacLean: Wealthy Americans with secret offshore accounts, nervous about stepped-up IRS investigations of Swiss bank UBS A...

Offshore account voluntary disclosure rules
Gideon Rothschild (Partner, Moses & Singer LLP, New York, New York) has recently posted his article entitled New Voluntary Disclosure Procedure For Offshore Accounts. Here is an excerpt from the article: Amidst the UBS investigation of offshore bank accounts, the...

Offshore Tax Evaders: You Deserve A Break Today!
Leave it to the IRS to offer a creative incentive plan aimed at putting more money in the federal collection plate. Individuals with offshore accounts must file a Report of Foreign Bank and Financial Accounts with the IRS if the...

FDA
Halts Importation of Drugs Manufactured Offshore By Ranbaxy

Wendy's International Inc.
allegedly fired illegal immigrant employees after missing a deadline to obtain legal status.

UAB Health System and Franklin Collection Service
allegedly violated the RICO Act in collection practices on delinquent patient accounts.