Posts Tagged ‘internal revenue service’

IRS awards $104 million to UBS whistle-blower

The Internal Revenue Service (IRS) confirmed on Tuesday it has awarded $ 104 million to a whistleblower who exposed rich Americans who kept secret offshore bank accounts to evade tax. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Supreme Court tax case to determine extent of IRS enforcement authority

Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – The U.S. Supreme Court plans to issue a ruling in a corporate tax shelter case this spring at a time of uncertainty in the tax laws. Some tax breaks for individuals and corporations are scheduled to expire next month but Congress is […]

U.S. IRS seeks court order to force HSBC to disclose names of Indian-American depositors

The U.S. Internal Revenue Service asked a California federal judge Thursday for a court order to mandate Hong Kong and Shanghai Banking Corporation to disclose the names of wealthy Indian-American depositors who are suspected of tax evasion. The IRS believes that the suspects opened offshore accounts through HSBC’s affiliate in India. View full post on […]