September 27, 2021

UBS and IRS Probably Have a Deal, No Toblerones Involved

300px-Toblerone-1.jpgUBS is going to name names, albeit not all of them, bringing us to ever so close to the bitter end of the whole IRS/UBS standoff.
All the gory details are expected to be released on August 10th, when hopefully everyone will kiss and make up officially.
The focus of the settlement will be around 7,000 or so accounts that are associated with offshore companies and trusts that are possibly tied to some financial shenanigans. Under the potential settlement, UBS won’t turn over any names until after September 23rd, which is the last day for offshore account holders to confess their sinful ways.
Deal Reached in UBS Tax Battle [WSJ]

300px-Toblerone-1.jpgUBS is going to name names, albeit not all of them, bringing us to ever so close to the bitter end of the whole IRS/UBS standoff.
All the gory details are expected to be released on August 10th, when hopefully everyone will kiss and make up officially.
The focus of the settlement will be around 7,000 or so accounts that are associated with offshore companies and trusts that are possibly tied to some financial shenanigans. Under the potential settlement, UBS won’t turn over any names until after September 23rd, which is the last day for offshore account holders to confess their sinful ways.
Deal Reached in UBS Tax Battle [WSJ]

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Exposure Drafts: According to Circular 230 You Do Not Have to Disclose When You Outsource Tax Work to Your Cat

Exposure Drafts holiday cards are now available for purchase through Rubook Creative. Latest Accounting Jobs–Apply Now: Tax Senior – Tax Accounting, CPA, Tax Senior Boulder, CO Posted 13 hours ago Tax Senior/Manager- Small-to-Mid Sized Businesses Pittsburgh, PA Posted 13 hours ago 2022 Summer Intern: Income Tax Charlotte, NC Posted 13 hours ago Load more listings

Hiring Watch ’21: The IRS Needs Help Taking Down Hollywood Tax Cheats

Outside of press releases about the IRS Criminal Investigation Unit busting people for money laundering and reminders that the taxpayer advocate released her latest lengthy report to Congress about how well (and not so well) the IRS is doing, we don’t get a lot of email from everyone’s favorite parody video maker. But buried in […]