The hearing on the tax fraud through the use of tax fraud. Generally, under the terms of the existing treaty with Switzerland, the IRS must have evidence of tax evasion before the Swiss will turn over Swiss bank accounts at UBS. According to offshore financial account must report that TD F 90-22.1 Foreign Bank Account Report (FBAR) form.
The key question that remains is whether the announcement suggests that individuals with tax amnesty, or continue to hope that UBS will not be forced to turn over the names.
Given the potential for tax fraud; not to mention an offshore bank account, this question can only be answered after consultation with a knowledgeable tax litigation attorney at the Brager Tax Law Group, please give us a call.