IRS goes after offshore accounts

(AP):



A United States district court has authorised the Internal Revenue Service (IRS) to issue summons for US taxpayers records with Offshore Bank accounts in the Caribbean.



The US Justice Department said that US District Judge Richard M. Berman of the Southern District of New York has authorised the IRS to issue summonses requiring Mellon, Citibank, JPMorgan Chase Bank, HSBC Bank and Bank of America to produce records identifying US taxpayers with accounts.



The Justice Department said these accounts are at The Bank of N.T. Butterfield & Son Limited and its affiliates in the Bahamas, Barbados, Cayman Islands, Guernsey, Hong Kong, Malta, Switzerland, and the United Kingdom.



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