IRS Seeks Voluntary Disclosures and Whistleblowers for Swiss-aided Tax Scheme
February 18, 2009 – 8:55 pm“People who have hidden unreported income offshore need to get right with their government. They should come forward and take advantage of our voluntary disclosure process,” an IRS spokesman says. The IRS is also seeking Whistleblowers to report such tax cheats. Switzerland’s largest bank, UBS, has admitted helping U.S. taxpayers hide money from the IRS, and has agreed to pay $780 million in fines and restitution, and to turn over account information. It is unknown whether this enforcement effort is a derivative of a tax informant, but, if so, someone is going to receive a very healthy reward for their efforts.