Disclosure to the IRS through the IRS Amnesty Program must occur before the U.S. Taxpayer is contacted by the IRS.

If you are a U.S. taxpayer with undisclosed offshore accounts, an IRS investigation into you could leave you facing severe civil and/or criminal penalties!

The Swiss banks have entered into this program in an attempt to avoid criminal prosecution and/or criminal investigation!

The Internal Revenue Service (IRS) and the Department of Justice (DOJ) have expanded their investigations of U.S. taxpayers with undisclosed offshore bank accounts; the latest focus is on the Cayman Islands. The sting in the past week in the Cayman Islands should serve as a warning to any U.S. Taxpayer with an undisclosed offshore bank account. 

Also, recently closed Swiss accounts that any U.S. Taxpayer did not disclose will also be revealed in detail to the Department of Justice, (DOJ) and the Internal Revenue Service (IRS).