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- 22/09/2009 02:00
WASHINGTON. US authorities will extend an amnesty program for taxpayers who have income hidden in offshore accounts by three weeks to O...
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Agrega La Estrella en Google ↗️WASHINGTON. US authorities will extend an amnesty program for taxpayers who have income hidden in offshore accounts by three weeks to October 15, citing pleas from tax professionals who say they could not handle the numbers of individuals rushing to take part.
The Internal Revenue Service amnesty program began in March, soon after Swiss bank UBS AG turned over the names of some account holders as part of a $780 million criminal settlement with the US government. It is part of a broader crackdown on tax evaders as countries hunt for revenue in the global recession.
IRS officials and lawyers have been saying for months that the response to the so-called voluntary disclosure program has been unprecedented. More than 3,000 taxpayers have come forward, compared with fewer than 100 for all of last year.
The IRS said there would be no further extensions.
The latest deadline was September 23.
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