CA Man Fails to Report Swiss Bank Account – Los Angeles Income Tax Planning & Income Tax Litigation Attorney Bruce Givner

by Bruce Givner on March 7, 2014

On February 26, California resident Christopher B. Berg was sentenced to one year and one day in prison for failing to properly report income held in his Swiss bank account. The Portola Valley man will then follow his year in prison with three years of supervised release.

Berg worked as a consultant in 1999 and, by 2000, had begun depositing parts of his income into the Swiss bank account. After 5 years of this, Berg had transferred more than $640,000 out of the country. Berg used the cash during his trips to Europe, purchasing cars and obtaining cash while travelling.

Prior to the sentencing Berg paid the IRS $250,000 as well as a $267,896 penalty for hiding the Swiss account he’d had in 2005.

Givner & Kaye focuses on sophisticated income tax planning and compliance, tax litigation and procedure, estate planning, and asset protection plans for individuals and businesses in Beverly Hills, Calabasas, West Los Angeles, Hollywood, and other areas of Los Angeles, Orange, Ventura, San Bernardino, Riverside and Santa Barbara Counties. Call Los Angeles Estate Planning and Asset Protection Plan Attorneys Givner & Kaye at (310) 207-8008 today.

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