By CHRISTOPHER S. RUGABER, AP Business News Tue Jul 1, 7:14 AM ET WASHINGTON - The Justice Department said it is seeking information from Swiss bank UBS AG about U.S. taxpayers who may have used offshore accounts to avoid paying federal income taxes.The broadening investigation centers on UBS clients in the United States who may have hidden up to $20 billion in assets from the Internal Revenue Service.
The Justice Department said Monday it asked a federal court in Miami to authorize the IRS to serve UBS with a "John Doe" summons. The IRS uses a "John Doe" summons to obtain information about potential tax fraud by unknown individuals.
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