UBS to Disclose 4450 Swiss Accounts


	UBS to Disclose 4450 Swiss Accounts

INKinc

8-28-2009 1:38 PM

323 views

tags:

nationwide tax relief, ink inc

INKinc says:

Richard Boggs, Nationwide Tax Relief is quoted

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/36bdd313-d3db-4c63-990e-38f1c1206344/1B535586-5CDD-4C90-BAE3-E4694E1DBA87/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.washingtontimes.com/news/2009/aug/20/ubs-agrees-to-disclose-4450-swiss-accounts/print/" href="http://www.washingtontimes.com/news/2009/aug/20/ubs-agrees-to-disclose-4450-swiss-accounts/print/" style="font-size: 11px;">www.washingtontimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.washingtontimes.com/news/2009/aug/20/ubs-agrees-to-disclose-4450-swiss-accounts/print/"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/www.washingtontimes.com/img/26439A97-F2B9-4B6D-BC08-8CDAA961CB28" alt="The Washington Times" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.washingtontimes.com/news/2009/aug/20/ubs-agrees-to-disclose-4450-swiss-accounts/print/">Thursday, August 20, 2009
</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.washingtontimes.com/news/2009/aug/20/ubs-agrees-to-disclose-4450-swiss-accounts/print/">UBS to disclose 4,450 Swiss accounts</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.washingtontimes.com/news/2009/aug/20/ubs-agrees-to-disclose-4450-swiss-accounts/print/">Under an agreement negotiated by the governments of Switzerland and the U.S., the IRS will get access to less than one-fourth of the accounts held by Americans at Swiss banking giant UBS AG that the bank itself previously acknowledged were kept secret from U.S. tax authorities.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.washingtontimes.com/news/2009/aug/20/ubs-agrees-to-disclose-4450-swiss-accounts/print/">Richard Boggs, the CEO of the tax resolution firm Nationwide Tax Relief, said many wealthy Americans who enjoyed the comfort of offshore banking accounts for decades are angry about the recent developments regarding UBS. In discussing the situation with some of them, Mr. Boggs said he's "been hung up on more than I can remember."
</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.washingtontimes.com/news/2009/aug/20/ubs-agrees-to-disclose-4450-swiss-accounts/print/">"We always recommend taking advantage of an opportunity ... get to the IRS before they get to you," he said, adding he tells clients: "Get ready to pay the piper and bite the bullet, and you're going to be glad you did because this is as good as it gets."
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