Rumor has it that the IRS is re-thinking its procedures for processing voluntary disclosure applications. Yeah, the same old topic – people with hidden offshore bank accounts wanting to Come to Jesus. Up to now the early dance steps have been: Written disclosure filed with the local IRS Criminal Investigations unit; Interview by a couple [...]
Yet another indication that people with undisclosed foreign bank accounts should expect a trip to the pain factory. Last weekend’s annual meeting of the California tax bars (I have spoken at this conference several times) had a visit from Nathan Hochman, Assistant Attorney General, and head of the Tax Division at the Justice Department. I [...]
Today’s Tax Notes Today has a report from the UCLA Tax Controversy Institute on October 28, 2008. For those of you spending way too much money on Lexis, the cite is 2008 TNT 211-7. The article states: In keeping with IRS Commissioner Douglas Shulman’s focus on international tax administration, fraud technical agents are for the [...]
