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.)