"

Estimated reading time: 0 minutes, 23 seconds

IRS Extends Deadline on Offshore Accounts

IRS logoThe Internal Revenue Service has made a one-time extension of the deadline for special voluntary disclosures by taxpayers with unreported income from hidden offshore accounts, moving the deadline from September 23 until October 15.  
Taxpayers who do not voluntarily disclose hidden accounts by the new deadline face much harsher civil penalties, where applicable, and possible criminal prosecution. The IRS said it had received repeated requests for an extension from tax practitioners and attorneys who are facing an influx of taxpayer requests.
Read 5891 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.