IRS Reneges on Offshore Asset Voluntary Disclosure Deals

“If you took advantage of one of the three amnesty programs and were accepted, the IRS promised only to hit you with the back taxes, various penalties and interest.  The good news was that you would escape criminal charges and time in prison.  You now have an empty bank account, but at least you also have the peace of mind that the IRS won’t be knocking at your door, right?  Wrong.  Earlier this month, the IRS sent faxes to tax attorneys across the country telling them that clients who it had previously been accepted in the current voluntary disclosure program, the ‘Offshore Voluntary Disclosure Initiative’ (OVDI) are now mysteriously ‘disqualified.'”

http://www.nestmann.com/irs-offshore-voluntary-disclosure-program/

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