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2012 Jan 11 – McKenna

Barrie McKenna
IRS attaches no deadline to amnesty program
Globe and Mail (10 Jan 2012)
[ Print: No deadline on new IRS amnesty program (11 Jan 2012) B7 ]


McKenna reports the IRS “has launched a permanent amnesty program” for Americans with offshore money — even though the IRS says it could cancel the program at any time. Penalties range to a new high of 27.5 percent, plus taxes owing, plus interest. “The IRS has also disclosed that it’s developing special procedures [for] delinquent filers.”

Written by usxcanada

11 January 2012 at 10:00 am

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