I.R.S. Revives Voluntary Disclosure Program for Offshore Accounts

January 10, 2012

At the beginning of last year we reported on our blog about the amnesty program of the Internal Revenue Service (I.R.S.) for offshore accounts. Yesterday, the I.R.S. announced that it would revive its so-called voluntary disclosure program for offshore accounts. The I.R.S. collected $4.4 billion in two previous programs The program’s revival is part of…

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