The IRS announced changes to its offshore voluntary compliance
programs this week, enforcing harsher restrictions on US citizens who deliberately
dodge taxes through illegal actions, while easing penalties for citizens who unintentionally
evade taxes. The revised programs include a 50 percent penalty on offshore
accounts if there is publicity about the IRS or the Justice Department
investigating a financial institution where the person holds an account. (IRS
Makes Changes to Offshore Programs; Revisions Ease Burden and Help More
Taxpayers Come into Compliance)
Friday, June 20, 2014
Friday, June 6, 2014
Tax whistleblower news summary for week of June 2
A U.S. Tax Court ruling this week keeps alive an IRS
whistleblower case seeking a $9 million whistleblower reward. The whistleblower
claims the IRS recovered $30 million as a result of information the
whistleblower provided to the IRS. (United
States Tax Court, Whistleblower 10949-13W)
Subscribe to:
Posts (Atom)