Florida Man, 83, Admits Hiding $1.1M From IRS An 83-year-old Florida man pleaded guilty Tuesday to hiding more than $1 million from the IRS in secret Switzerland and Israel bank accounts for more than a quarter century. Read more about this storyhere.
The U.S. extended its crackdown on offshore taxevasion last week, charging Michael F. Schiavo, a managing director at SCG Consulting Group in Boston, with failing to report his offshore account at HSBC Holdings Plc to U.S. authorities. (WSJ)
Tax Preparers Accused of Using Israeli Bank to Hide Funds(Bloomberg) Three executives of United Revenue Service Inc., a U.S. tax-preparation business, were charged with helping clients avoid taxes by setting up undeclared accounts at Luxembourg and Switzerland branches of Israeli banks.
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