LEA: NEW USA IRS OFFSHORE VOLUNTARY DISCLOSURE PROGRAM WITH 27.5% PENALTY

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The USA Internal Revenue Service today reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes and announced the collection of more than $4.4 billion so far from the two previous international programs.

Full details from the IRS can be found in their Press Release here:

IRS Offshore Programs Produce $4.4 Billion to Date for Nation’s Taxpayers; Offshore Voluntary Disclosure Program Reopens


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