tag:blogger.com,1999:blog-1519969502186924526.post4310994408084537093..comments2023-10-24T08:00:53.865-05:00Comments on Federal Tax Crimes: Article Summarizing the Swiss Bank Developments and Process (11/8/11)Jack Townsendhttp://www.blogger.com/profile/14469823736335455874noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1519969502186924526.post-1181444965747453492011-11-24T23:20:07.961-06:002011-11-24T23:20:07.961-06:00Regardless of what the Swiss do with retroactive l...Regardless of what the Swiss do with retroactive laws , etc , the common thread with the 4450 UBS customers to be turned over as well the current turnover discussions seems to be client notification and right to appeal. After all , notification is what makes the difference between civil and criminal. Have you heard of anyone having all their information turned over without notification? Also , I just recently saw in a Swiss blog where 100 clients of the 4450 did successfully oppose release of their data to IRS in Swiss courts.jubileehttps://www.blogger.com/profile/15540760674384185256noreply@blogger.comtag:blogger.com,1999:blog-1519969502186924526.post-74274610817447510692011-11-11T03:48:32.256-06:002011-11-11T03:48:32.256-06:00To Darlene Hart @ November 11, 2011 3:39 AM
Tha...To Darlene Hart @ November 11, 2011 3:39 AM <br /><br />Thank you so much for your comments. I would very much appreciate sample copies of the letters (with client information redacted, of course). You can email them to me at jack@tjtaxlaw.com.<br /><br />And thanks for the compliment.<br /><br />Jack TownsendJack Townsendhttps://www.blogger.com/profile/14469823736335455874noreply@blogger.comtag:blogger.com,1999:blog-1519969502186924526.post-39416402196209897542011-11-11T03:39:56.622-06:002011-11-11T03:39:56.622-06:00My name is Darlene Hart and I am the founder of US...My name is Darlene Hart and I am the founder of US Tax & Financial Services. With regards to the Credit Suisse letter and the Clariden Leu letter, both letters are identical and they are identical to the UBS letter, except the UBS letter gave the client 5 options, where as the Credit Suisse Letter only gives 2 options. I have copies of the letters if you would like one. What is more interesting, rumour has it here in Switzerland, that only 500 letters were sent out at this time, but I expect more to follow. All the letters sent out were for 'beneficial owners' of various stiftung, trust, corporate type structures with accounts from 2002 to 2010 and approximatly 50 of our clients received these letters. These are clients who have already entered into the 2009 or 2011 OVDI programs. Which leads me down 3 roads..<br />1. Either the IRS has given these names direct to the Swiss Federal Tax Authorities, to obtain full bank information on people who have already been through the 2009 OVDI program or for complete information on clients who are currently in the 2011 OVDI program for comparison purposes.<br /> <br />2. Or the bank, already knows that these people have entered into some type of VD with the IRS, because these people have requested 10 years worth of bank records on their accounts, so there is no harm in handing in their names.<br /> <br />3. Or the SFTA has requested documents on all American accounts in anticipation of their current negotiations with the DOJ. <br /> <br />I believe scenario 3 is the most likely, and this is just the beginning. <br /> <br />I am impressed with your blog.Darlene Harthttp://www.ustaxonline.com/noreply@blogger.com