The IRS Voluntary Disclosure Program is Over for Those Hiding Money Overseas - Reducing IRS Penalties is Still Possible with Help from a Tax Professional
Tuesday, October 27th, 2009The IRS Voluntary Disclosure Program ended on October 15th. For U.S. taxpayers who have been hiding money in Zurich, expect indictments and harsh prison sentences from the IRS.
By Michael Rozbruch, Certified Tax Resolution Specialist
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For the more than 4,450 U.S. taxpayers who have bank accounts in Switzerland and haven’t told Uncle Sam, time’s up.
In an unprecedented settlement with the Swiss government and Swiss bank UBS, the Department of Justice and Internal Revenue
