WASHINGTON - The Treasury Department says 77,000 foreign banks have agreed to share information about U.S. account holders as part of a crackdown on offshore tax evasion.
The list released Monday includes 515 Russian financial institutions. Russian banks had to apply directly to the Internal Revenue Service because the U.S. broke off negotiations with Russia over an information-sharing agreement because of Russia's actions in Ukraine.
Nearly 70 countries have agreed to share information from all their banks as part of a U.S. law that targets Americans hiding assets overseas.
Under the law, foreign banks that don't agree to share information with the IRS face steep penalties when doing business in the U.S.
Man kills burglar who said she was pregnant
An 80-year-old California homeowner says he shot a pregnant woman in the back as she fled his home and ran down an alley, officials said.
Carjacked SUV hits crowd, kills 3 young siblings
Two men carjacked a woman at gunpoint but soon sped out of control, killing three children Friday as they plowed into a group selling fruit…
Air travel a leap of faith for passengers
Airline travel requires passengers to make a leap of faith, entrusting their lives to pilots, airlines, air traffic controllers and others…
Israel: 12-hour Gaza cease-fire starts Saturday
The Israeli military says a 12-hour humanitarian cease-fire in Gaza will start Saturday morning.
Toddler crashes Jeep, runs home for cartoons
Police say a toddler crashed a Jeep into an Oregon home, then ran back to his home to watch cartoons.
Deputies locate man pointing gun at cat
Animal Control officials in Charlotte County have made contact with the man posted in a picture pointing a gun at a cat.