IRS Collects $2.7 Billion as Thousands Divulge Offshore Accounts
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The Internal Revenue Service has taken in a total of $2.7 billion from holders of offshore bank accounts, the agency said as it announced that 12,000 taxpayers responded to the second round of a partial amnesty program.
IRS Commissioner Douglas Shulman said yesterday that the agency’s emphasis on international tax enforcement prompted more people than anticipated to accept penalties and reveal their accounts.