Kevin Packman: Two News Releases Potentially Help US Taxpayers with Foreign Noncompliance

According to IRS statistics, more than 33,000 taxpayers participated in the 2009 and 2011 Offshore Voluntary Disclosure Programs, and they were successful in helping the Service collect more than $5 Billion from participating taxpayers.  In this Steve Leimberg's Income Tax Planning Email Newsletter, Co-Chair of the Offshore Tax Compliance Team Kevin Packman provides LISI members with his analysis of two news releases that could potentially help US taxpayers with the 2012 Offshore Voluntary Disclosure Program.