Archive for July, 2009

The UBS Plot Thickens (and Stinks)

Thursday, July 30th, 2009

On July 28, 2009, Jeffrey P. Chernick, a former client of UBS Bank, pled guilty to filing a false tax return in violation of I.R.C. s. 7206.  However, in the midst of changing his plea to guilty, he revealed that a, yet unnamed, attorney had told him that a high-ranking ...

Another UBS Client is Indicted

Tuesday, July 28th, 2009

http://www.RewardTax.com has just learned that another American client of UBS has been indicted for having a secret Swiss bank account maintained by UBS.  This marks the the third UBS client to be indicted for a similar offense this year.  Jeffrey Chernick was charged in Florida with using UBS to evade U.S. ...

Obama Administration Increases Efforts to Pursue International Tax Enforcement

Thursday, July 2nd, 2009

The IRS has ramped up its efforts in international tax enforcement under the Obama Administration.  The President and the Commissioner of the IRS, Doug Schullman, have declared that enforcement of international taxation matters will be a priority in the next several years, including using tax informants and tax whistleblowers.  As stated ...