New IRS Streamlined Filing Procedures Encourage More U.S. Taxpayers with Undisclosed Foreign Account

Kevin E. Thorn, Managing Partner of Thorn Law Group, discusses the new IRS streamlined filing procedures that have been expanded and modified to include more U.S. taxpayers with undisclosed foreign bank accounts. Washington, DC (PRWEB) July 28, 2014 The IRS has added new streamlined filing compliance procedures to its offshore Voluntary Disclosure Program for U.S. taxpayers with undisclosed foreign accounts. The new procedures are available to United States taxpayers who can prove that their failure to report foreign financial accounts and pay all tax due in respect of those assets did not
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