Tag Archives: offshore bank accounts

IRS Announces a Second Voluntary Disclosure Program for Taxpayers with Hidden Offshore Bank Accounts

Posted on March 3, 2011 by TaxAlerts

Written by: Karen Reed, EA Taxpayers with undisclosed income in hidden offshore bank accounts have a second chance to come forward, the IRS announced last month. The new program is meant to encourage tax evaders to get back into the … Continue reading →

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Offshore Bank Account Amnesty Program

Posted on September 12, 2009 by TaxAlerts

The final deadline for special voluntary disclosures of unreported income from hidden offshore bank accounts is October 15, 2009. Taxpayers who come forward will escape harsher penalties and the possibility of criminal prosecution. In August, Swiss Bank UBS agreed to … Continue reading →

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