Bank finance articles and tips

Because of the news coverage provided to high-profile tax evasion cases, they are ideal illustrations for paid tax preparers to promote the value of their services. Some examples occurred in 2011.

One case is the investigation of Credit Suisse for allegedly helping American taxpayers hide their income in offshore bank accounts. This is the same allegation the IRS proved in 2009 against Swiss bank UBS. The IRS is clearly increasing its efforts to battle tax evasion. The publicity for actions against Credit Suisse and UBS not only proves the futility of fighting the IRS, but also serves to remind the public about the value provided by the tax preparation industry to ordinary taxpayers. After all, the ultimate goal of the IRS in pursuing Credit Suisse is to locate individual tax cheaters.