Posts Tagged ‘irs news’

Tax Help From the IRS: Upcoming Saturday Open Houses For Resolving Tax Problems

Thursday, March 25th, 2010

Believe it or not, the IRS is doing its best to provide tax help to struggling taxpayers.
According to the IRS news room website, IRS will hold hundreds of special Saturday open houses to give struggling taxpayers more opportunity to work directly with IRS employees to resolve tax issues. The offices will be open on March 27 and three additional Saturdays in the spring and early summer. Future dates, times and
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How Offshore Account Holders Can Reduce Tax Penalties: IRS Reviews Amended Returns for Quiet Disclosures and Extends the FBAR Filing Deadline

Monday, June 29th, 2009

In an effort to bring more tax evaders to the surface, the IRS has issued a new voluntary offshore compliance initiative in March of 2009, which provides more lenient penalties for tax evaders who have placed their assets overseas. In this initiative, taxpayers who voluntarily disclose their wrongdoings will only be punished with paying back taxes, certain penalties, and interest. Those who come forward will not face criminal charges unless
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Stop Tax Haven Abuse Bill: Preventing Offshore Tax Evasion Another Sign IRS Enforcement is on the Rise

Monday, March 9th, 2009

Last week, Sen. Carl Levin, chairman of the Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations, examined the recent deferred prosecution agreement between the Department of Justice and UBS AG Bank of Switzerland, as well as the DOJ’s ongoing attempts to force the bank to identify its U.S. customers with secret Swiss bank accounts.
Recently, a senior executive of a large Swiss bank was charged with conspiring with other
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Yankees’ Aide Didn’t Report Players’ Tips

Wednesday, January 2nd, 2008

The traveling secretary for the New York Yankees pleaded guilty in New Haven, Conn., to one count of filing a false tax return.
The federal government charged David Szen, 56, of Brookfield, Conn., with failing to report tips from players and coaches as income.
Those tips ranged from a few hundred dollars to $10,000. In pleading guilty, Szen admitted that he failed to report approximately $53,350 in additional income in his individual
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