Is your Swiss banker ratting you out to the IRS?

Do you have money stashed in a Swiss bank account or some other foreign country?

Then be sure to report those assets to the IRS.

You see, the famed secrecy of Swiss banks is a thing of the past and they’re ratting out customers to the IRS faster than a Swiss clock yells “Cuckoo!”

What’s more, the IRS is cracking down mercilessly on people holding assets offshore who don’t report them.

Here’s advice you can take to the bank. Read my new article titled Tax Tips: Has Your Swiss Banker Betrayed You to the Feds?

Three ways our fact-filled article can help you:

1. We’ll tell you why you must file form 8938. Form 8938 is a “Statement of Specified Foreign Financial Assets.” Failure to report those foreign-held assets results in a $10,000 fine with an additional penalty of up to $50,000 for continued failure to file after receiving IRS notification. Ouch! You’ll get all the details when you read the full article.
2. We’ll explain the importance of FBAR reporting. FBAR stands for Report of Foreign Bank and Financial Accounts. If you willfully fail to file an FBAR, you face paying the government the greater of $100,000 or 50 percent of the total balance of the bank account per violation! If you don’t want to wave bye-bye to half of your account, read the full article.
3. You’ll learn what to do if you ever do get in trouble. Your best option is to check out the Offshore Voluntary Disclosure Program. It may offer you amnesty options that beat criminal prosecution by a mile! You’ll get all the details when you read the full article.