News from the IRS yesterday:
The Internal Revenue Service today reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes and announced the collection of more than $4.4 billion so far from the two previous international programs.
The IRS reopened the Offshore Voluntary Disclosure Program (OVDP) following continued strong interest from taxpayers and tax practitioners after the closure of the 2011 and 2009 programs. The third offshore program comes as the IRS continues working on a wide range of international tax issues and follows ongoing efforts with the Justice Department to pursue criminal prosecution of international tax evasion. This program will be open for an indefinite period until otherwise announced.
“Our focus on offshore tax evasion continues to produce strong, substantial results for the nationTags: FBAR, FBAR amnesty, Jack Townsend, Linda Beale, OVDI, shooting jaywalkers, Shulman
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Thank you very much for your efforts!
I just want to call your attention to our press release on the IRS announcement yesterday. We think that Canadians (as well as US expats in other countries)should be warned not to enter this new program.
I guess your site doesn’t accept html code so here is the link to our press release:
http://isaacbrocksociety.com/2012/01/10/press-release-isaac-brock-society/