Julius Baer admits to U.S. tax fraud, to pay $547 million
Switzerland’s third-largest wealth manager, Julius Baer Group Ltd., agreed to pay $547 million to avoid U.S. prosecution and admitted it helped American clients hide billions of dollars in assets from More...
IRS computer problems shut down e-file system
The IRS has announced that they suffered a hardware failure today, and that the IRS is working to make repairs and restore service but cannot offer a firm date for when systems will be back to normal. Some More...
IRS poised to revoke U.S. passports for unpaid taxes
In January of 2016, the State Department will start blocking Americans with ‘seriously delinquent’ tax debts. Administrative details about how all this will work are scant. But in all likelihood, More...
Tragedy Turns to Melodrama: Bernie Madoff Fighting to Defend the Good Names of his Dead Sons
Bernie Madoff, the man who stole so many billions from his Jewish brothers and sisters and from any gentile who fell for it, has sent an email to NBC News on Friday saying he has suffered more than all his More...
Israeli banks extend FATCA declarations to businesses
By next year, the US Internal Revenue Service will require all Israeli businesses to declare whether any shareholders are US citizens. The US Foreign Account Compliance Act (FATCA) regulations are being More...
Tough choice for Bank Leumi US customers
American customers with unreported accounts will now find it costly to own up, but perhaps even more costly if they don’t. Bank Leumi and its overseas branches are continuing their feverish campaign More...
US Internal Revenue staff in Israel for tax evasion talks
The meeting is to implement the information exchange agreement between Israel and the US. A delegation from the US Internal Revenue Service (IRS) visited Israel last week to meet representatives of the Israel More...
You Could Get $1.28 Million from the NY Mets
Now you might have a chance to collect $1.28 million in an annuity from the New York Mets. That is if you have at least $550, 000 to spare. The Mets are owned by Fred Wilpon, who grew up in a Jewish family More...
Wynn Resorts Investigated for Money Laundering
Imagine, a casino company accused of ethics violations! But it is, after all, only an investigation. Wynn Resorts, according to CNBC, is being investigated for possible money laundering by the Manhattan More...
Jewish Iranian Banker Baravarian Acquitted of Tax Fraud
Shokorollah Baravarian, a Jewish Iranian banker, was exonerated on charges of conspiring with clients to defraud the IRS, according to the Jewish Journal. Baravarian, a community activist, insisted More...