IRS to Utilize FATCA and other Tools to Bring U.S. Taxpayers Back into Compliance
Offshore UpdatesPosted in on December 7, 2012
IRS Commissioner Stephen Miller has stated that while FATCA will affect the IRS's approach to its overall offshore compliance strategy, the IRS will still continue to use it's full range of enforcement tools. The government seeks to gather client and bank information through treaty requests, John Doe summonses, foreign bank account reports, and other informants.
The attorneys at Thorn Law Group have experience in assisting U.S. taxpayers into compliance through the IRS Amnesty Program. If you have an undisclosed offshore account contact Thorn Law Group now before it's too late!
