As the Justice Department winds down its eight-year crusade against Swiss banks selling offshore tax-dodging services to wealthy Americans, the Internal Revenue Service is offering its own parting gift: softer penalties for taxpayers who come out of the woodwork to disclose their secret accounts.
Call it the advent of the “I was clueless” defense.Read More….
http://www.newsweek.com/irs-will-now-accept-i-was-clueless-defense-short-tax-evaders-255636