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The IRS recently announced the resurrecting of the Offshore Voluntary Disclosure Program (OVDP) after its collection of more than $4.4 billion in back taxes from those programs in 2009 and 2011. [...]

On February 23, the Justice Department issued an indictment against four Swiss bankers for allegedly conspiring to assist US taxpayers evade taxes through offshore banking accounts. The move was [...]

The IRS has announced a second special voluntary disclosure initiative for U.S. taxpayers with money in offshore banking accounts. The initiative, which is available through August 31, 2011, is [...]