IRS close to announcing initiative to entice more taxpayers with unreported offshore accounts to voluntarily disclose them.

New data on offshore bank account holders to be released to the IRS in the very near future.

Possible new Amnesty Voluntary Disclosure Program will be based on the former disclosure program.

IRS and DOJ continuing to investigate offshore accounts held at HSBC and UBS, and Bank of Leumi.

Government continues to move forward on undisclosed offshore UBS cases.