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IRS Announces Third Offshore Voluntary Disclosure Program

By Steven M. Saraisky on February 9, 2012
Posted in Securities Laws and Regulation

The IRS announced a third voluntary disclosure program for offshore accounts recently.  The IRS has conducted two prior voluntary disclosure programs – one in 2009 and one in 2011.  According to the IRS, it had 33,000 disclosures from the 2009 and 2011 programs.  The Service has closed approximately 95% of the 2009 cases and collected…

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