Wednesday, May 27, 2009

Voluntary Disclosure of Foreign Bank Account Reports

In an attempt to garner voluntary compliance, the IRS is granting penalty abatement and agrees not to prosecute Taxpayers who voluntary disclose their offshore bank accounts by September 23, 2009. If you have (or had) foreign bank accounts, we can assist you with filing the correct forms so that you can take care of this matter. Foreign countries are disclosing more information to the United States than ever before, so we strongly encourage Taxpayers to take advantage of this opportunity. For more information, please take a look at the Internal Revenue website or contact us directly and we'll be happy to assist you.

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