The Wall Street Journal is reporting that the IRS and Swiss bank UBS will jointly request a postponement of a court hearing on Monday in Miami. The Journal is also reporting that UBS and the IRS are “…deep in talks to settle a major tax-evasion case that could require the Swiss bank to reveal some — but not all — of the 52,000 or so account-holder names the U.S. has sought….”
That’s basically all the news that’s available on this. If you have a foreign bank account that you haven’t reported, there’s a limited IRS amnesty that’s ongoing. You have until September 23rd to take advantage of it.
This is just for foriegn accounts over 10,000 for 2008 right?