Tell IRS If You Have Foreign Bank Account?
The Internal Revenue Service (IRS) said it will aggressively prosecute people with undisclosed foreign bank accounts. At the same time, the agency recently announced a program that can help people avoid prosecution and reduce their financial exposure. David Kohane, a member of the Litigation Department and Jeffrey Schechter, a member of the Tax, Trusts & Estates Department, had an article on the subject published on July 2, 2009 in the “Ask The Experts” column of The Record. Click here to read the article.
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