This is a recurring question. If you start down the amnesty path but you don’t like the outcome, can you be forced to accept the 20% of high balance as your penalty? Survey says . . . NO! Here’s the way the IRS says it in the voluntary disclosure FAQ: Q34. If, after making a [...]
I do an email newsletter. Jell-O Shots. (You can subscribe by going to the main page of our website and signing up there. Please do!) Here is the latest one, which is all about the amnesty. Jell-O Shot Number 4 I wrote this to a lawyer friend (hi, Robin!) who needed to explain stuff to [...]
The Criminal Investigations offices are getting really fast at processing initial applications under the voluntary disclosure program. This week’s speed demon reports: Boston and Oakland. Yay! Think “days” rather than “weeks” to get clearance and your letter saying you’re eligible for the amnesty. The next stop on the the happy road of amnesty applications is [...]
Today we received a letter from the IRS on an FAQ #9 application. Total World Domination. Accepted as filed, meaning no tax, no penalty, no nothing. We sent the whole package to the IRS in Philadelphia in early June. That gives you a sense of the time frame. Though I do see the IRS [...]
Lots of new posts over at http://foreignbankaccountamnesty.com. We’re massively busy with this stuff right now. The deadline is September 23, 2009, so go over there, take a look around, and call us if you need help coming clean with the IRS on unreported offshore income or financial accounts. Call me. Mobile +1-626-437-2500. Yeah, even weekends. [...]
