Saturday, August 01, 2009
LAURA SAUNDERS AND CARRICK MOLLENKAMP, Wall Street Journal
LAURA SAUNDERS AND CARRICK MOLLENKAMP, Wall Street Journal
Tax Evaders Flock to IRS to Confess Their Sins
Wealthy taxpayers have inundated the Internal Revenue Service in recent weeks with requests to come clean for past tax evasion, amid a government crackdown on undeclared income from overseas accounts.
The volume has been so great that Wednesday, the IRS issued a streamlined, three-page form for taxpayers seeking entry into its temporary voluntary-disclosure program.
"Last week we had 400 [applicants] -- four times as many as in all of last year," said IRS spokesman Frank Keith, who declined to provide more detailed figures.
Posted by Editor on 08/01/09 at 10:24 AM •
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