In the Headlines
December 10, 2011

What's Next for Offshore Accounts?

The Wall Street Journal

Offshore Tax Compliance Chair Kevin Packman was quoted in The Wall Street Journal article titled "What's Next for Offshore Accounts?"

Mr. Packman discusses two limited amnesties the Internal Revenue Service held for offshore account holders in recent years. According to Mr. Packman, "In its limited amnesties, the IRS hasn't distinguished between an 84-year-old grandmother who is a Holocaust survivor or a U.S. taxpayer of Indian descent whose father put an account in his name without telling him – which is common – and the crooked businessman who skims cash in the U.S. and hides it abroad.

Related News and Headlines