IRS Will Now Accept an ‘I Was Clueless’ Defense for Offshore Tax Evaders

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….

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