Saturday, July 28, 2012

New I.R.S. program granting Amnesty from criminal tax prosecution for offshore delinquent taxpayers

 New United States tax laws require strict reporting of foreign assets and establish a new program granting Amnesty from criminal tax prosecution for offshore delinquent taxpayers.

This article is in two portions. The first portion considers the Amnesty program for unreported foreign income and the second portion considers the Foreign Asset Reporting Requirements.

Read full article online by Richard S. Lehman, Esq.