{"id":1456,"date":"2013-01-17T20:27:17","date_gmt":"2013-01-17T20:27:17","guid":{"rendered":"http:\/\/ua-cpas.com\/?p=1456"},"modified":"2013-01-17T20:27:17","modified_gmt":"2013-01-17T20:27:17","slug":"bank-leumi-urges-disclosure-to-irs-by-its-u-s-clients","status":"publish","type":"post","link":"https:\/\/www.ua-cpas.com\/blog\/index.php\/2013\/01\/17\/bank-leumi-urges-disclosure-to-irs-by-its-u-s-clients\/","title":{"rendered":"Bank Leumi Urges Disclosure to IRS by its U.S. Clients"},"content":{"rendered":"<p>Leumi, one of the largest banks in Israel, recently wrote to its U.S. clients urging them to comply with the Internal Revenue Service\u2019s voluntary disclosure program. Leumi and two other Israeli banks, Bank Hapoalim and Mizrahi Tefahot, are under investigation by the U.S. Justice Department in connection with offshore private banking services that may have enabled wealthy Americans to evade taxes. Faced with a federal deficit of roughly 1 trillion dollars, the U.S. government is hungry for more revenue, and has decided to crackdown on overseas tax evasion. If you have an account overseas it would be wise to take advantage of the voluntary disclosure program. Time may be running out.<\/p>\n<p>\u00a0To read more about the IRS Voluntary Disclosure Program, click here: <a title=\"IRS Voluntary Disclosure\" href=\"http:\/\/ua-cpas.com\/tax-service-planning\/foreign-asset-reporting\/\">IRS Voluntary Disclosure<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leumi, one of the largest banks in Israel, recently wrote to its U.S. clients urging them to comply with the Internal Revenue Service\u2019s voluntary disclosure program. If you have an account overseas it would be wise to take advantage of the voluntary disclosure program. Time may be running out.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[91,120],"class_list":{"0":"post-1456","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tax-tips-for-individuals","7":"tag-foreign-asset-reporting","8":"tag-irs-voluntay-disclosure","9":"entry"},"_links":{"self":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/1456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=1456"}],"version-history":[{"count":0,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/1456\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=1456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=1456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ua-cpas.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=1456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}