by Laura Conaway

Papers filed in the U.S. case against UBS contain one particular item that caught the eye of NPR's Avie Schneider. The Swiss bank has agreed to pay $780 million to the U.S. over allegations that it helped American customers skip out on taxes.

Schneider noticed that Exhibit D, a letter telling alleged tax-dodging customers how to close their accounts, urges customers to get straight with the IRS:

 

What other considerations might apply in connection with the closure of your account.

UBS recommends that you consult with your U.S. tax advisor or tax preparer to determine any applicable U.S. tax consequences in connection with the closure of your existing UBS account, including whether you have any additional U.S. tax return filing or other disclosure obligations with respect to prior tax years or the closure of your account. In the event that you and your tax advisor identify any issues arising from prior tax years, UBS would like to inform you that the Internal Revenue Services (IRS) has a voluntarily disclosure practice to encourage U.S. taxpayers to bring themselves voluntarily into full compliance with the U.S. tax laws, and, in exchange, the IRS may provide for substantial relief from otherwise applicable penalties and fines.