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Thursday, 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.

http://taxprof.typepad.com/taxprof_blog/2009/03/irs-offers-amnesty-.html

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 1:00:47 PM