Your Swiss bank made an agreement with the DOJ that requires them to verify that all their U.S. account holders paid taxes on their offshore earnings. The letter goes into an impressive level of detail about why they need to know you are in compliance, but it boils down to they need to protect their own skin and prove that they have provided you notice. Your account information has been shared with the DOJ and you need to make sure that you are current with taxes.

1. Freeman Tax Law
(855)935-5945
Swiss Banks Want You
To Know They Care
About Your Citizenship

2. It’s Not Junk Mail
Freeman Tax Law  (855) 935-5945  info@freemantaxlaw.com  www.freemantaxlaw.com
It's not junk mail, your Swiss bank
did just send you a letter informing
you that you are a U.S. citizen. Why
did they send you this letter? It's all
because of an agreement they made
with the U.S. Department of Justice
(DOJ),

3. Verify Your Tax Compliance
Freeman Tax Law  (855) 935-5945  info@freemantaxlaw.com  www.freemantaxlaw.com
Your Swiss bank made an agreement with the DOJ that
requires them to verify that all their U.S. account
holders paid taxes on their offshore earnings. The letter
goes into an impressive level of detail about why they
need to know you are in compliance, but it boils down to
they need to protect their own skin and prove that they
have provided you notice. Your account information has
been shared with the DOJ and you need to make sure
that you are current with taxes.

4. Documents They Want To See
Freeman Tax Law  (855) 935-5945  info@freemantaxlaw.com  www.freemantaxlaw.com
To verify your tax compliance you need to
provide proof that you filed your tax returns,
proof that you included the income from your
foreign accounts on your tax returns, and if
your account balance was higher than $10,000
you need to provide proof that you filed your
FBAR forms.

5. Freeman Tax Law  (855) 935-5945  info@freemantaxlaw.com  www.freemantaxlaw.com
What If You Can’t Provide This
Proof?
The bank is not concerned with the why you
may have specifically not included this income
on a legal document, but they need to have
records that you are working to make your tax
records accurate. If your tax records do not
show your foreign account then you must
provide documentation show if you have
entered the Offshore Voluntary Disclosure
Program or Streamlined Filing Compliance
programs to clear up your errors. A certified
letter from a U.S. attorney stating that you are
entering into the program is also acceptable
so as you do not rush into the incorrect
program without fully discussing with legal
counsel.

6. Freeman Tax Law  (855) 935-5945  info@freemantaxlaw.com  www.freemantaxlaw.com
You Must Respond
The bank has financial skin in the game and has
agreed to pay 20% of the highest account balance
that you have had at the bank for any account that
is not proven to be tax compliant. If you do not
prove that you were tax compliant or are working
to become compliant you could be called upon to
reimburse the bank for the 20% that they had to
pay the U.S. Government. This causes all sorts of
trouble and challenges. Start seeking legal counsel
today and especially as soon as you receive a
letter from your bank to clear up your foreign
account tax responsibility.

7. International
Locations:
Basel, Switzerland
Bern, Switzerland
Geneva, Switzerland
Zurich, Swizterland
Atlanta, Georgia
Austin, Texas
Birmingham, Michigan
Boston, Massachusetts
Charlotte, North Carolina
Chicago, Illinois
Cleveland, Ohio
Dallas, Texas
Denver, Colorado
Greenwich, Connecticut
Houston, Texas
Irvine, California
Las Vegas, Nevada
Los Angeles, California
Miami, Florida
New York, New York
Palo Alto, California
Phoenix, Arizona
Pleasanton, California
San Antonio, Texas
San Diego, California
San Francisco, California
San Jose, California
Short Hills, New Jersey
Tampa, Florida
Washington DC
Freeman Tax Law  (855) 935-5945  info@freemantaxlaw.com  www.freemantaxlaw.com
Our Locations

8. Freeman Tax Law
About Freeman Tax Law
Freeman Tax Law  (855) 935-5945  info@freemantaxlaw.com  www.freemantaxlaw.com
Freeman Tax Law is a boutique tax law firm with national
exposure equipped to handle all domestic and international tax
law matters. At Freeman Tax Law, the attorneys and
professional staff have vast experience with foreign tax
compliance, international tax planning, and resolving tax
controversies involving offshore banking matters. Freeman Tax
Law helps taxpayers and foreign entities become in compliance
with laws such as Foreign Account Tax Compliance Act
(FATCA) and Offshore Voluntary Disclosure Program (OVDP).
In addition to handling complex tax controversies, the Freeman
Tax Law team has extensive expertise in assisting clients with
wealth management and estate planning.