tag:blogger.com,1999:blog-1519969502186924526.post7260421445333096260..comments2023-10-24T08:00:53.865-05:00Comments on Federal Tax Crimes: Bank Leumi and Mizrahi-Tefahot Reportedly Under U.S. Criminal Investigation (2/19/13)Jack Townsendhttp://www.blogger.com/profile/14469823736335455874noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1519969502186924526.post-4473284646038707132013-02-20T12:04:39.509-06:002013-02-20T12:04:39.509-06:00Investigations move very slowly ( I have been told...Investigations move very slowly ( I have been told by my lawyer that one of these eleven banks has been under investigation for about two years now) and I agree that one should not assume that nothing will result from the investigation just because nothing has happened yet.<br /><br /><br />As far as being "relatively clean (focus on relatively)" foreign bank customers do run the whole spectrum from those taking elaborate steps to intentionally evade taxes, to those who simply failed to report interest income.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1519969502186924526.post-80609750925833557352013-02-19T21:56:21.765-06:002013-02-19T21:56:21.765-06:00In response to:
“Unfortunately, too many taxpayer...In response to:<br /><br />“Unfortunately, too many taxpayers got involved with foreign bank <br />accounts and those who have not taken advantage of the voluntary <br />disclosure program are facing the prospect of criminal prosecution,”<br /><br /><br />This comment needs to exclude Americans living abroad, since they bank locally and pay local taxes in the countries where they live. Stateside Americans often make the mistake of treating all Americans the same, regardless of where they live, and this problem needs to be corrected. Americans living abroad have local bank accounts where they live, not foreign bank accounts, unless they bank in the US.SwissTechienoreply@blogger.com