Thursday, March 26, 2009

Amnesty to Those Who Evaded Tax Through Offshore Accounts

The TaxProf Blog has announced the IRS policy for reducing penalties for those who have evaded taxes on offshore accounts. See TaxProg Blog for more.

Addendum 3/27/09 9:50 am: Jack Townsend has posted the key points of the initiative on his Federal Tax Crimes Blog here.