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Tax

Sep. 25, 2009

Tax Amnesty Deadline Extended

Volunteering for the IRS amnesty program on foreign accounts is a smart move.

Robert W. Wood

Managing Partner
Wood LLP

333 Sacramento St
San Francisco , California 94111-3601

Phone: (415) 834-0113

Fax: (415) 789-4540

Email: wood@WoodLLP.com

Univ of Chicago Law School

Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.

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TAXATION

By Robert W. Wood

Tax amnesty may sound like an oxymoron, but it's deadly serious. Like a slow boil, the IRS amnesty program on offshore income and bank accounts has been percolating since March. Yet it was only in recent weeks that the IRS program hit its stride, generating hype from taxpayers all over the country, and equal interest from thousands of U.S. citizens and residents currently living abroad.

People are still literally comi...

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