Judge Grants IRS Authority To Seek UBS Swiss Records

US District Judge Joan Lenard in Miami on Tuesday granted a DOJ motion to authorize the IRS to issue a John Doe summons to Switzerland-based UBS. The summons will seek the banking records and identites of US citizens with Swiss bank accounts. The move came less than two weeks after former UBS banker Bradley Birkenfeld pleaded guilty to conspiring to help US clients of UBS evade taxes by hiding assets in Switzerland and Liechtenstein. Birkenfeld is cooperating in the investigation (Reuters, DOJ).