Tax
Apr. 16, 2013
IRS disclosure program growing despite obstacles
Since 2009, 38,000 individuals have voluntarily disclosed their foreign financial accounts, taking advantage of a special amnesty program that provides taxpayers an opportunity to comply with U.S. tax laws and avoid prosecution.
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.
Daily Journal Staff Writer
Last month the Internal Revenue Service released its "Dirty Dozen" list of tax scams, a sort of laundry list of what taxpayers might encounter during the hectic tax season, populated with schemes that range from identity theft to phishing.
One such tax scam - usually perpetrated by taxpayers themselves - was the concealment of offshore bank accounts.
Since 2009, 38,000 individuals ...
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