Posts Tagged ‘amnesty period’

IRS Extends Deadline for Offshore Tax Settlements to October 15th: Get Tax Amnesty For Back Taxes Owed on Foreign Accounts

Monday, September 21st, 2009

In an effort to keep the doors open for foreign bank account holders wary of criminal prosecution, the IRS has extended the deadline for voluntary disclosure from September 23rd to October 15th, giving taxpayers an extra 2.5 weeks to come clean about their undeclared income.
If you have undeclared funds in foreign bank accounts, now is the time to act in order to reduce your chances of criminal prosecution and to
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Posted in Back Taxes, IRS help, Tax news and tips | No Comments »

Tax Help For UBS Account Holders Seeking IRS Tax Relief For Tax Evasion Charges

Tuesday, August 25th, 2009

It’s official–UBS, the Swiss Banking Giant has reached a deal with the US Government and the Swiss Government to release around 4,450 names of American account holders suspected of tax evasion.
The US Government estimates there to be $18 billion hidden in these offshore accounts–giving the IRS plenty reason to scrutinize and audit both the innocent and guilty in the upcoming months.
If you have a UBS account and have not paid
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Posted in IRS Question Corner, Penalty Abatement, Seeking Professional Tax Help, Tax news and tips, Voluntary Disclosure | 1 Comment »