Archive by Month: June 2011

IRS Reinvigorates Asset Forfeiture Program

Asset Forfeitures / IRS Audits

Posted in on June 25, 2011

The IRS is reinvigorating its asset forfeiture program..  If the assets in your bank are all of a sudden frozen, there is a good reason for it.  Odds are, it probably involves the IRS.

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IRS Launches Amnesty Offshore Initiative

Offshore Account Update

Posted in on June 15, 2011

On February 8, 2011, the IRS launched an amnesty initiative for U.S. taxpayers with undisclosed offshore accounts. The 2011 Offshore Voluntary Disclosure Initiative (OVDI) is based on the previous disclosure program that ran through October of 2009.

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