Offshore and Foreign Bank Accounts

2016 IRS Representation Update

1. A CHANGING IRS IRS Workforce 1.10 Because of Congressional cuts in IRS budgets its…

read more
2014 IRS Representation Update

2014 IRS Representation Update

By: Robert E. McKenzie 1. A CHANGING IRS IRS Workforce 1.10    Because of Congressional cuts…

read more
IRS OVDP Vs. Streamlined: What To Do?

IRS OVDP vs. Streamlined: What To Do?

The IRS is encouraging U.S. taxpayers to come into compliance with their reporting and filing…

read more
Quoted In Forbes On Jail Terms For Offshore Accounts

Quoted in Forbes on Jail Terms for Offshore Accounts

Chicago tax lawyer Robert E. McKenzie worries those with still secret offshore accounts may be less likely to disclose because they figure that if they’re found out and prosecuted, they’ll avoid jail as Warner has. But McKenzie tells prospective clients the same thing he wrote recently on Forbes: “Many other less lucky offshore depositors have been sentenced to prison by other judges. One distinguishing factor for Warner was he was a billionaire whereas those sent to prison were merely millionaires.”

read more
Quoted By Random House On Offshore Bank Secrecy

Quoted By Random House on Offshore Bank Secrecy

Hazlitt - The End of Banking Secrecy

read more
Swiss Bank Secrecy Succumbs To U.S. Tax Enforcers

Swiss Bank Secrecy Succumbs To U.S. Tax Enforcers

106 Swiss banks have signed agreements to provide information about U.S. account holders. "The current…

read more