It appears that UBS has reach a settlement with the IRS vis a vis its summons. They will turn over documentation to the IRS on August 12. Why is this relevant you ask? if you have a foreign UBS account, that means that if you did not file a Form 90.22-1 (FBAR) for that account and don’t do so by Tuesday night, you could be subject to criminal penalties. This effectively moves up the amnesty deadline for UBS overseas customers from September 12 to August 11.