According to the GAO, the IRS offshore programs have resulted in more than 39,000 disclosures by taxpayers with over $5.5 billion in revenues. For their report, see Offshore Tax Evasion: IRS Has Collected Billions of Dollars, but may be missing continued evasion. This is also a reminder that FBAR filings are due June 30, 2013.
The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.