March 11, 2013 - IRS Pulls Amnesty Protection on Some Secret Accounts
In a move that has kicked up a storm of controversy, the Internal Revenue Service has apparently sent letters to clients of two Israeli banks who confessed to having secret offshore accounts.
March 8, 2013 - U.S. IRS boots Israeli bank clients from amnesty program
The U.S. Internal Revenue Service has revoked access to an amnesty program for some U.S. taxpayers with accounts at Israeli banks who were already taking part in it
March 8, 2013 - IRS Yanks Criminal Amnesty Deal From Taxpayers With Secret
The faxes, signed by John R. Tafur, director of of Global Financial Crimes at the IRS’ Criminal Investigation division, affect dozens of American taxpayers who had undisclosed accounts at Bank Leumi le-Israel Ltd., Israel’s largest bank, said Robert E. McKenzie,
March 7, 2013 - Offshore Tax Probe Picks Up
That is the message from the U.S. government to Americans who evaded federal taxes by stashing money in secret offshore accounts, say lawyers who represent some of those people.
March 5, 2013 - Leumi sees loss from tax probe
Bank Leumi said on Monday that it would be setting aside NIS 340 million for the fourth-quarter of 2012 against potential costs from a U.S. tax probe
February 19, 2013 - Leumi and Tefahot implicated in Los Angeles tax evasion
A former Israeli businessman... has admitted that he was assisted by two Israeli banks to evade paying taxes in the United States
February 19, 2013 - Israeli Banks Said to Be Implicated in U.S. Tax Evasion
A California man born in Israel agreed to plead guilty to conspiring with people at Bank Leumi Le-Israel Ltd. and Mizrahi Tefahot Bank Ltd.
February 19, 2013 - Two Israeli Banks Said to Be Implicated in U.S. Tax Inq
The charging document and plea agreement didn’t identify the banks. Bank A is Mizrahi, according to a person who wasn’t authorized to speak publicly about the case. Bank B is Leumi, according to a second person, who similarly asked not to be identified.
February 19, 2013 - Bank Leumi, Mizrahi Clients Said to Aid U.S. Tax Probe
Leumi and Mizrahi set up accounts in Israel that U.S. clients didn’t declare to the Internal Revenue Service, said the people, who asked not to be identified
January 3, 2013 - Bank Leumi Issues Letter Addressing Voluntary Disclosures
Bank Leumi is sending letters to U.S. account holders advising of the voluntary disclosure program.
November 2, 2012 - Israeli banks demanding to see U.S. citizens' tax return
In a move that some tax lawyers are calling a blatant violation of customer privacy, two Israeli banks are requiring current and prospective account holders with American citizenship to furnish portions of their U.S. tax returns.
August 9, 2012 - Team To Investigate FATCA Impact On Israel
Israel's Finance Minister has set up an expert team to consider the impact and application of the US Foreign Account Tax Compliance Act (FATCA).
August 3, 2012 - Israeli bank compliance and US foreign tax act
A committee to establish how Israeli institutions can conform to the US foreign tax act will be headed; will force US citizens abroad to pay tax.
June 20, 2012 - Why Israel Could Be the Next Switzerland
It looks like Israel is going to be the next Switzerland - at least as far as the Department of Justice's investigation into offshore tax avoidance is concerned.
June 14, 2012 - Indictment of Tax Preparers
Tax Preparers Charged with Klein Conspiracy in attempting to help taxpayers defraud IRS.