You are currently browsing the Capital Comments weblog archives for the day 3. June 2011.
3. June 2011 by Dan Walkow, CFA, CMT.
The IRS is conducting its second voluntary offshore disclosure program, allowing taxpayers to pay penalties related to undeclared accounts to avoid criminal prosecution.
The program requires those who come forward to pay as much as 25 percent of the highest annual amount in the account from 2003 through 2010, plus back taxes, interest and other penalties.
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