What Are the Risks Associated with Quiet Disclosures? FBAR – Report of Foreign Bank and Financial Accounts

“In the wake of UBS, the IRS has begun criminally charging individual taxpayers with having unreported accounts. Inevitably, when someone gets indicted and arrested, a big media pitch follows. The IRS is better at managing the media than any other government agency. People are afraid of the IRS.”

https://www.natlawreview.com/article/what-are-risks-associated-quiet-disclosures-fbar-report-foreign-bank-and-financial-a

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s