Credit Suisse

IRS happenings; minimal talk of de minimis; new blog on the block; and other highlights from our favorite tax bloggers.

A Brazilian-American businessman became the second former Credit Suisse client to plead guilty within the last week to hiding millions of dollars in assets.

Gilda Rosenberg, a Florida businesswoman, admitted in a Miami federal court that she conspired to defraud the U.S., evade taxes and fail to file FBARs.

Officials are weighing whether the bank — now owned by UBS — breached a 2014 plea deal in which it paid $2.6 billion and admitted helping Americans evade taxes.

UBS Group is close to making a settlement of at least hundreds of millions of dollars over violations by Credit Suisse of a decade-old agreement with the DOJ.

UBS Group AG was asked by a powerful U.S. lawmaker about whether the bank it acquired, Credit Suisse Group, failed to report an American accused of evading taxes on $350 million in income.

Daniel Rotta hid more than $20 million from the IRS, using "pseudonyms, complicated corporate structures and nominees" to conceal offshore assets and income.

A Brazilian-American businessman who lives in Florida was charged with using Credit Suisse Group AG, UBS Group AG and other Swiss banks to hide more than $20 million in assets from U.S. tax authorities over 35 years.

The customers include a Brazilian businessman whose Florida residence was raided by the IRS and a Colombian family featured in a Senate report about the bank's role in tax evasion schemes.

The audit fee for the combined group is expected to be less than the sum of the standalone audits, but would still be one of the highest in global banking.