Offshore Tax Havens Targeted by the IRS – Voluntary Disclosure Deadline Approaches.

Cayman

by David Wrubel, CPA (from the Miami Beach CPA’s Tax Help Blog)

President Obama promised in his campaign to target wealthy Americans who “do not pay their fair share”  of taxes on the backs of the middle class and working poor.  With the swiftness of Robin Hood, the Obama administration has set out to curb what costs the US Government an estimated $100 Billion in revenue annually. 

There is an upcoming deadline of September 23, 2009 which marks the end of a type of amnesty program on the part of the Internal Revenue Service to have US Taxpayers voluntarily disclose their offshore assets and back taxes owed to avoid criminal prosecution. 

Read the rest of David Wrubel’s Article

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