Posts tagged as:

voluntary disclosure

IRS Offers Taxpayers ‘One More Chance!’

10 January 2012

My seven year old has a penchant for getting herself into trouble. She’s that kind of kid who pushes boundaries to see exactly how far she can get. Lucky for her, she also has a pretty quick wit and a couple of looks up her sleeve. When she gets into trouble, she peers up at [...]

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IRS Tax Amnesty: Once More With Feeling

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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IRS Plays Chicken with Taxpayers

19 August 2009

Remember that great scene in the movie Footloose when Kevin Bacon is challenged to a game of chicken on the tractor? It seems that the IRS is playing a little chicken of its own with taxpayers… The IRS has entered into a settlement with UBS to divulge the names of about 4,450 account holders at [...]

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