Tax News

A wealthy accountant convicted of filing a false tax return has been sentenced to a year of house arrest because of his extensive cooperation in the U.S. probe of Swiss bank UBS AG.
A Miami federal judge imposed the sentence Wednesday for 55-year-old Steven Michael Rubinstein, the first American charged in the UBS case. Rubinstein, also [...]

If you’re like most Americans, you don’t have a secret bank account in Switzerland where you stash money to keep it out of IRS hands.
Being out of the foreign tax-shelter loop isn’t such a bad thing. Uncle Sam recently signed a new tax treaty with that Alpine nation that should help U.S. collectors crack down [...]