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May 7, 2009 - Phil Hodgen

IRS FAQ on foreign bank account amnesty

Seven Plagues of the IRS

The IRS FAQ on the foreign bank account amnesty (PDF) is up.

There’s something pathetically Old Testament-ish about the way the IRS approaches life. I half expect the IRS to invoke a noisome pestilence upon all those who do not bow down before the Almighty at 1111 Constitution Avenue.

(Memo to humans: if you’re in this boat, swallow the bitter medicine and use the amnesty while it is available.)

(Memo to Federal politicians and bureaucrats: go take an introductory Economics course from someone who is cheerfully apolitical so you get reality instead of spin. Then go take it again.)

Sheesh.

US Real Estate Investments Voluntary Disclosure