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IRS FAQ on foreign bank account amnesty

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.