The super-rich here in the U.S. with assets worldwide are sitting on needles and pins. Supposedly, we are to be told any day about the details of the pact made between the IRS and UBS. However, the "meat" of the deal varies widely depending on the source.
The IRS case against UBS involves an unprecedented piercing of Swiss banking secrecy laws because of alleged outrageous behavior by UBS bankers unauthorized to conduct banking activities in the U.S.
As an attorney and CPA, my practice concentrates on assisting clients where their legal and financial interests intersect, which occurs in a multitude of areas. One in particular is probate. Probate covers both disabled and deceased individuals. It is a very emotional time and can be very trying.
DISCLAIMER: All information provided on and through this site is for general purposes only and may not be construed or relied upon as legal advice. The publication of this BLOG and/or reading its contents does not create an attorney-client relationship and does not have the confidentiality protection of the attorney-client privilege. The author has used reasonable efforts in collecting, preparing, and providing information but does not warrant or guarantee the content, accuracy, completeness, or currency of the information contained in this BLOG. Any link to or reference made in this BLOG to any other website or BLOG, or any individual, product or service of any kind does not constitute or imply an endorsement or recommendation by the author. Any opinions, statements, services, offers, or other information expressed or made available by third parties are exclusively those of the respective third party and not the author. The Internal Revenue Service (IRS) now requires specific formalities before written tax advice can be used to avoid penalties. This communication does not meet such requirements. You cannot contend that IRS penalties do not apply by reason of this communication. In addition, any opinions, statements, services, offers, or other information expressed or made available in this BLOG are not the opinion of Chuhak & Tecson, P.C. and may not be relied upon as legal advice.
About the firm:
Chuhak & Tecson is a full service law firm with offices in Chicago. Chuhak's clients range from individuals to multinational companies. C&T's attorneys are dedicated to understanding, preserving and defending our clients' business and personal visions.
