IRS Offshore Account Collections Top $10 Billion, FATCA Hunt Continues

The IRS confirms that its offshore compliance efforts have now topped $10 billion. In all 55,800 taxpayers have entered the IRS’s Offshore Voluntary Disclosure Program (OVDP), paying more than $9.9 billion in taxes, interest and penalties. Another 48,000 taxpayers have entered the Streamlined program, paying approximately $450 million in taxes, interest and penalties. The Streamlined program has netted more than 96,000

FULL ARTICLE http://www.forbes.com/sites/robertwood/2016/10/24/irs-offshore-account-collections-top-10-billion-fatca-hunt-continues/

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