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By Jeffrey Rubinger and Summer Ayers LePreeOn March 26, 2009, the Internal Revenue Service announced a six-month reduced-penalty voluntary compliance initiative available to U.S. taxpayers with unreported offshore income.Background: The UBS CaseIn connection with the U.S. government's investigation of and...

Continue reading "IRS Announces Reduced-Penalty Program for Taxpayers Who Voluntarily Disclose Offshore Accounts"