Stuart Pfeifer, a reporter for the Los Angeles Times, wrote an article about the voluntary disclosure program for offshore bank accounts. It was published today.
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From the category archives:
Foreign Bank Secrecy
Los Angeles Times article about amnesty program
by Phil Hodgen, Hodgen Law Group PC on October 13, 2009
Thanks to you readers
by Phil Hodgen, Hodgen Law Group PC on October 12, 2009
Thanks to all of you out there, even if we haven’t communicated one-to-one. Most of you are lurkers. It’s understandable. Why post a comment when that might flag who you are? Even the IRS knows about the interwebs. But every once in a while a get an email. And last night I got a call [...]
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Last Call for Amnesty-hol
by Phil Hodgen, Hodgen Law Group PC on October 12, 2009
Anyone out there who consulted with us over the last few months and now wants to go with the voluntary disclosure program? Call us. +1-626-689-0060 (office). Or call me at +1-626-437-2500 (mobile). I want to make sure that anyone who wants our help through this process will get it. It’s last call at the Amnesty [...]
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Is your UBS letter dated September 23 or September 25?
by Phil Hodgen, Hodgen Law Group PC on October 10, 2009
All of the UBS letters I have seen so far have one of those two dates on them – September 23, 2009 or September 25, 2009. I am shocked – SHOCKED – that these dates are so close in time to the previously-scheduled expiration of the amnesty program. A coincidence, I’m sure. I am also [...]
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Did you get a letter from UBS?
by Phil Hodgen, Hodgen Law Group PC on October 9, 2009
My phone is ringing off the hook. UBS customers are getting The Letter. If you have received The Letter your options are limited: Fight disclosure in Switzerland (I have referred clients to Swiss lawyers for this); Apply for the amnesty program before the 15th; or Sit tight and hope. You do not have the option [...]
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Street address for DHL or FedEx delivery of FBARs
by Phil Hodgen, Hodgen Law Group PC on October 8, 2009
Because at this point in the game you really need this. Street Address for FBAR submissions by private delivery services: IRS Detroit Computing Center Attn: FBAR Mail Room, 4th Floor 985 Michigan Ave. Detroit, MI 48226 The phone number for the IRS Detroit Computing Center is 313-234-1062. Remember that the October 15, 2009 deadline means [...]
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UBS people with small accounts watch out
by Phil Hodgen, Hodgen Law Group PC on October 8, 2009
All I am going to say is that I am FLABBERGASTED by the relatively small account balances that are triggering UBS warning letters to U.S. taxpayers. I have seen it multiple times so it isn’t an accident. If you’ve been keeping your head down and assuming you are a small potato and so your name [...]
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Normal people, never knew, what to do?
by Phil Hodgen, Hodgen Law Group PC on October 7, 2009
I just got a call today from someone outside the U.S. This person (no gender, please) called from somewhere (no country, please) and didn’t want me to even use the first initial of his/her/its name. This person is a U.S. citizen I assume, based on command of the English language and the accent. LOLZ I [...]
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After the Goldrush
by Phil Hodgen, Hodgen Law Group PC on October 5, 2009
Tonight I was on Skype with a couple in Japan. We sorted out what he and his wife needed to do. In their case it was pretty straightforward. He noted that he had only heard about this whole FBAR kerfluffle in early October, and counted himself lucky that he had some time to fix his [...]
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Voluntary Disclosure Program speedometer – CI to final audit, one month
by Phil Hodgen, Hodgen Law Group PC on October 5, 2009
If you’re looking for processing time on your amnesty application, here is today’s traffic report. Ticket to Philadelphia issued by Criminal Investigations on September 4, 2009. Telephone call received by me from IRS agent assigned to the audit arrived today, October 5, 2009. The case is not being handled in Philadelphia. One month after we [...]
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