US authorities charge three more Swiss bankers with tax evasion

Swiss banks have been getting a lot of heat from U.S. authorities lately for helping wealthy Americans hide their money in offshore accounts.

The IRS has been aggressively pursuing tax evaders and the people who conspire with them to hide income.  Three Swiss bankers have been charged with helping clients hide $1.2 billion in assets.

The bankers worked as client advisers at a Wegelin, one of Switzerland’s oldest private banks, and hid Swiss accounts and the income they generated.

Wegelin asserts that their employees complied with Swiss laws and also stated they anticipated the charges.

Several Swiss banks have come under fire for assisting clients with tax evasion. USB recently settled with the feds and released the names of clients who hid their income in accounts with the bank. The feds are also going after individual bankers to curtail tax evasion.

Tax evaders are now being more aggressively pursued by the IRS and when facing these charges it is crucial to hire an accomplished tax attorney.

Tax evaders face years of incarceration and heavy financial penalties. A tax lawyer can negotiate with the federal authorities to reduce jail time.

Any issues you have with the IRS, whether it is failure to file or pay can be handled by a tax attorney. With their help you can avoid wage garnishment, seizure of assets and possibly negotiate to reduce the financial penalties associated with these charges.