WASHINGTON -- The Internal Revenue Service is giving those who hide money offshore until August 31 to get current with their taxes under a special initiative. This is the second voluntary disclosure program aimed that those who have undisclosed income although the penalties are not as low as in the first program which closed on Oct. 15, 2009 and drew 15,000 participants.

A New York CPA tax attorney has been barred from practicing before the SEC after he pleaded guilty to securities violations for his role in an insider trading scheme in which he made $119,347 from trading on pending corporate mergers and other transactions. Eric Holzer faced those charges for his actions in 2005.