DOJ Tax has announced the guilty plea of "Christopher B. Berg * * * to an information charging him with willful failure to file the required report of foreign bank account (FBAR) for an account he controlled at UBS in Switzerland in the year 2005." The announcement is here.
Key elements:
Plea: FBAR (1 count)
Maximum Possible Sentence: 5 years.
Conviction (Plea) Date: 1/30/13
Bank: UBS
Entities: ?
Omitted Income: $642,070
Tax Loss (called Tax Harm): $270,757
High Balance: ?
FBAR Penalty: ?
Sentencing Date: 7/8/13
Court: California Northern District
Judge: ?
Other factors: Used account funds to pay Eurocard while traveling in Europe
I will update the spreadsheet and post it later. I will also update this blog entry as new information comes in.
Jack Townsend offers this blog on Federal Tax Crimes principally for tax professionals and tax students. It is not directed to lay readers -- such as persons who are potentially subject to U.S. civil and criminal tax or related consequences. LAY READERS SHOULD READ THE PAGE IN THE RIGHT HAND COLUMN TITLE "INTENDED AUDIENCE FOR BLOG; CAUTIONARY NOTE TO LAY READERS." Thank you.
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Thursday, January 31, 2013
1 comment:
Comments are moderated. Jack Townsend will review and approve comments only to make sure the comments are appropriate. Although comments can be made anonymously, please identify yourself (either by real name or pseudonymn) so that, over a few comments, readers will be able to better judge whether to read the comments and respond to the comments.
Please update spreadsheet - interested to see new stats!
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