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2012 June 26 – IRS Says

IRS says offshore effort tops $5 billion, announces new details on the voluntary disclosure program and closing of offshore loophole
IRS (26 June 2012)


IRS Commissioner Shulman updates on OVDI income and disclosures, reporting “the collection of more than $5 billion in back taxes, interest and penalties from 33,000 voluntary disclosures made under the first two programs. In addition, another 1,500 disclosures have been made under the new program announced in January.”

Written by usxcanada

26 June 2012 at 8:00 am