9 February 2011
As expected, the IRS has announced a new amnesty program for taxpayers with previously undisclosed offshore accounts. But since amnesty is such an ugly word, the IRS is calling it “a special voluntary disclosure initiative” (it has the feel of an after school special, huh?). The official title, for what it’s worth, is the 2011 [...]
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16 August 2010
It’s a tough economy all over these days. It’s not just the feds struggling to raise revenue – state and local governments are facing the same challenges. Ideas abound for plugging holes in the budget, including raising tax rates to implementing new taxes on everything from soda to legal services. Some governments, however, have decided [...]
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