IRS updates its list of Bad banks
fatca |
Taxpayers in the 2014 OVDP face a 50% penalty if they had accounts at any of the following:
- UBS AG
- Credit Suisse AG, Credit Suisse Fides, and Clariden Leu Ltd.
- Wegelin & Co.
- Liechtensteinische Landesbank AG
- Zurcher Kantonalbank
- swisspartners Investment Network AG, swisspartners Wealth Management AG, swisspartners Insurance Company SPC Ltd., and swisspartners Versicherung AG
- CIBC FirstCaribbean International Bank Limited, its predecessors, subsidiaries, and affiliates
- Stanford International Bank, Ltd., Stanford Group Company, and Stanford Trust Company, Ltd.
- The Hong Kong and Shanghai Banking Corporation Limited in India (HSBC India)
- The Bank of N.T. Butterfield & Son Limited (also known as Butterfield Bank and Bank of Butterfield), its predecessors, subsidiaries, and affiliates
- Sovereign Management & Legal, Ltd., its predecessors, subsidiaries, and affiliates (effective December 19, 2014)
- Bank Leumi le-Israel B.M., the Bank Leumi le-Israel Trust Compay Ltd., Bank Leumi (Luxembourg) S.A., Leumi Private Bank S.A., and Bank Leumi USA (effective December 22, 2014)
- BSI SA (effective March 30, 2015)
- Vadian Bank AG (effective May 8, 2015)
Got accounts with these banks and you have not been compliant? You need to speak with an expert...
Related Posts
Related Sites
- Advanced American Tax
- Advanced American Tax (UK)
- Hayden T Joseph CPA LLP
- Moores Rowland China
- Moores Rowland Hong Kong
- Moores Rowland India
- Moores Rowland Indonesia
- Moores Rowland Japan
- Moores Rowland Malaysia
- Moores Rowland Philippines
- Moores Rowland Taiwan
- Moores Rowland Thailand
- Moores Rowland Singapore
- Moores Rowland Vietnam
- Moores Rowland Asia Pacific
- Taxes for Digital Nomads
- Moores Rowland Australia
- Moores Rowland UAE
- Moores Rowland Portugal