News & Events

"The IRS on September 21 announced it is extending by several weeks - from September 23 until October 15 - the filing deadline for taxpayers with offshore accounts who want to take advantage of the Service's special voluntary disclosure program."

On September 21, 2009, the IRS announced that it has extended the deadline until October 15, 2009for U.S. taxpayers with previously undisclosed offshore accounts to come forward and participate in the IRS Offshore Settlement Initiative Program.  DC tax attorney Kevin Thorn of Thorn Law Group, PLLC said the extension is welcome, but cautions “taxpayers should not wait another three weeks to decide to come forward.”    

With the September 23rd IRS offshore account voluntary disclosure initiative deadline less than one week away, U.S. authorities have been very busy negotiating agreements with other counties that will make it easier for the U.S. to identify and prosecute U.S. taxpayers hiding money and assets overseas.

U.S. authorities have been very busy negotiating agreements with other counties that will make it easier for the U.S. to identify and prosecute U.S. taxpayers hiding money and assets overseas.

The IRS recently reaffirmed its commitment to combating offshore tax evasion by forming a new elite unit of professionals dedicated to investigating and auditing offshore tax evasion by U.S. taxpayers.