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March 26, 2009
IRS Offers Amnesty to Those Who Evaded Tax Through Offshore Accounts
The IRS today announced reduced penalties for individuals who have evaded U.S. taxes though offshore accounts. The IRS will waive criminal prosecution for taxpayers who come forward over the next six months and pay back taxes, interest, and reduced penalties for the past six years.
- IRS Voluntary Disclosure Practice, Internal Revenue Manual § 9.5.11.9
- IRS Memorandum: Proper Development of Cases
- IRS Memorandum: Routing of Voluntary Disclosure Cases
- IRS Memorandum: Penalty Framework
- Associated Press
- Bloomberg
- MarketWatch
- New York Times
- Reuters
- Tax Policy Blog
- Wall Street Journal
March 26, 2009 in Congressional News, Tax | Permalink
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Comments
No jail for rich white folks?
And reduced penalties.
The rich are really different.
Posted by: save_the_rustbelt | Mar 26, 2009 4:00:47 PM
