Posts tagged as:

amnesty

Philadelphia Amnesty Program

14 December 2009

Philadelphia is having a tough time these days, much like many other cities. Expenditures are up and revenues are down. What’s a city to do? One thing that the city is doing is pursuing collections matters very aggressively. I’ve probably gotten more city tax related phone calls at my office in the last month than [...]

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IRS Targets Wealthy for Enforcement

27 October 2009

So, who among us didn’t see this coming? IRS Commish Doug Shulman has announced the establishment of a new enforcement unit targeting the very wealthy. The group, called the Global High Wealth Industry, will specifically investigate partnerships, offshore trusts and other techniques used by the wealthy to hide income. How wealthy is wealthy? Unlike a [...]

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UK Tries Out Amnesty for Offshore Accounts

29 July 2009

In an effort to recover income from funds that might have been hidden offshore, the US introduced a Voluntary Compliance Program that offers reduced civil penalties and no criminal penalties. At the time, IRS Commission Doug Shulman described the program as stating: The goal is to have a predictable set of outcomes to encourage people [...]

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NJ Offers Tax Amnesty Program

11 April 2009

New Jersey wants your money. And they’re willing to waive a few penalties and interest to get it. The Division of Taxation a new tax amnesty program. The program will run from May 4, 2009 to June 15, 2009 and will apply only to returns due on or after January 1, 2002 and before February [...]

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126 billion reasons that the Immigration Bill failed to pass the Senate

11 June 2007

When Senate Majority Leader Harry Reid (D – Nevada) pulled the immigration bill last week, the blame game started immediately. Conservatives blamed Liberals. Liberals blamed Conservatives. But nobody pointed the finger where it rightly belonged: at the American people. While most surveys indicate that Americans aren’t opposed to an immigration bill that offers some form [...]

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