Peter Hardy, a former U.S. prosecutor and now a principal in the white collar defense, compliance and risk management practice group of law firm Post & Schell PC, discusses the government's plans for encouraging disclosures of foreign bank accounts and other holdings of wealthy individuals, as well as cross-border transactions. He is also the author of "Criminal Tax, Money Laundering and Bank Secrecy Act Litigation," a comprehensive reference work published in November 2010 by BNA Books.

Other areas of interest

• IRS Watch
• Legal Watch
• Tax Essentials