12,000 tax cheats come clean under IRS program

  1. Stacie L profile image88
    Stacie Lposted 5 years ago

    WASHINGTON — About 12,000 tax cheats have come clean under a program that offered reduced penalties and no jail time to people who voluntarily disclosed assets they were hiding overseas, the Internal Revenue Service announced Thursday.

    Those people have so far paid $500 million in back taxes and interest. IRS Commissioner Doug Shulman said he expects the cases to yield substantially more money from penalties that have yet to be paid.
    http://www.msnbc.msn.com/id/44539060/ns … l_finance/

    so how many here are hiding their millions overseas? lol

  2. earnestshub profile image87
    earnestshubposted 5 years ago

    This has got to be a bit of good news for many Americans who are doing it hard.
    A good news story... loved it! smile

    1. Kangaroo_Jase profile image81
      Kangaroo_Jaseposted 5 years ago in reply to this

      I wonder if these were Aussie high flyers hiding assets in the USA ....*coughRupertMurdochcough* lol