New York 2/1/2012 4:07:05 AM
News / Law

Three more USB clients indicted for tax evasion

One former San Diego lawyer and two Phoenix businessmen have been indicted in a federal court for tax evasion. All three men were former clients of USB, a Swiss bank accused of helping American taxpayers hide their income in offshore accounts.

The Justice Department said the two business men Stephen Kerr and Michael Quiel had more than $8.2 million in USB accounts and a second unidentified Swiss bank, according to Reuters.

Former attorney Christopher Rusch was arrested in Miami after being expelled from Panama at the request of the United States. Rusch helped the businessmen set up and maintain their offshore accounts.

The Justice Department is investigating 11 Swiss banks suspected of helping tens of thousands of American hide income.

USB paid the Justice Department $780 million to settle criminal charges for aiding over 4,000 Americans with tax evasion. As part of the settlement USB agreed to reveal the identities of the clients they helped set up offshore accounts.

Tax evasion is a serious charge and can result a prison sentence. The people accused of tax evasion will need an effective defense provided by a tax attorney.

Tax lawyers are not only capable of helping with tax evasion charges; they can also help a delinquent tax payer negotiate with the IRS and avoid wage garnishment. Any person or business that is having trouble with the IRS can benefit from the assistance of a tax attorney