From the monthly archives:
The IRS is changing the way this is done. Too much paperwork. They’ve decided they need to sort the voluntary disclosures into the “Woo hoo! We landed a big one!” pile and the “Meh, that’s boring!” pile.
Now, they are asking for actual information. The Supervising Special Agent of one of the offices [...]
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Hat tip: David Nguyen in my office, who spotted this in the sample letter.
The IRS process for starting an amnesty application for an offshore bank account has an interesting thing in it. You tell me: sneaky or sloppy?
The process before now
The process for an amnesty application up to now has been pretty [...]
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As my friend Rufus Rhoades tells me, “It’s only money.” Mr. Get-In-Line-Brother, Jeff Chernick, learns this lesson late (at age 70). As the game show used to ask, “The money or the box?”
Mr. Chernick will go to jail for 3 years or so.
Jack Townsend does a better job at sizing up the [...]
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