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Has the IRS Found its Mojo, Just like Austin Powers? A Commentary on the Trilogy of IRS Offshore Voluntary Disclosure Programs  


Author:  Melinda Fellner  Bramwit.


Source: Volume 26, Number 06, July/August 2013 , pp.15-22(8)




Journal of Taxation and Regulation of Financial Institutions

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Abstract: 

Since 2009, the IRS has had three different offshore voluntary disclosure initiatives, designed to offer amnesty to non-compliant U.S. taxpayers who would like to come forward to straighten out their federal income tax situation and their informational filing situation (FBARs). The author presents a readable, straightforward analysis of these programs, offering practical insights based on meetings with dozens of taxpayers considering entry into the IRS program.

Keywords: offshore voluntary disclosure; FBAR; tax evasion; foreign accounts

Affiliations:  1: Norris McLaughlin & Marcus, P.A..

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