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IRS Offers Second Chance to Taxpayers with Undeclared Foreign Holdings

Doing nothing is increasingly not a viable option for anyone who wants to be able to use and enjoy their undisclosed foreign accounts or assets.

21 minute read March 27, 2011 at 10:11 AM
By
Lawrence S. Horn And Richard J. Sapinski
IRS Offers Second Chance to Taxpayers with Undeclared Foreign Holdings

The IRS has “moved East” in its attack on foreign banks and their U.S. customers with undisclosed offshore accounts.

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