Entries tagged “voluntary disclosure”
TAX ALERT – New IRS Amnesty for Offshore Accounts
insights December 22, 2010
In his speech before the 23RD Annual Institute on Current Issues in International Taxation in Washington, DC on December 9, 2010, IRS Commissioner Douglas Shulman said that the IRS is “seriously considering” a new partial amnesty program for taxpayers who report secret offshore bank accounts. Shulman said that the IRS may repeat a voluntary disclosure…