DOJ Crackdown on Swiss Banks Generating Leads for IRS

The Justice Department’s crackdown on U.S. taxpayers using Swiss bank accounts to hide money offshore has developed several case leads for the IRS, an official said.

“We have sent those leads to the service—some of which they’ll close, some of which they’ll send letters on, and some of which they will pursue,” said Richard E. Zuckerman, principal deputy assistant attorney general for the Justice Department’s tax division.

• The DOJ’s Swiss Bank Program, announced in 2013, allowed Swiss banks to resolve potential criminal liabilities in the U.S. by agreeing to certain requirements, including the disclosure of information on accounts ...