May 14, 2010 - Phil Hodgen

Opting out of the amnesty

The IRS has paperwork and procedures in place for this, and the Revenue Agents can handle this easily.  This tells me something–an either/or:

  • Either the IRS carefully thought through this eventuality (people opting out of the amnesty process) and prepared its procedures and paperwork to be ready for it; or
  • Enough people have opted out so the IRS has been forced to develop a procedure to do this.

Or are there other explanations that I’m not considering?

Tags:  #tealeaves

Voluntary Disclosure