Some people considering an IRS voluntary disclosure of their foreign income and assets don’t do so because they fear prosecution.
This seems counter-intuitive. The best way to avoid prosecution for undisclosed foreign income or accounts is unquestionably to enter the IRS program.
Yet some fear prosecution precisely because of the tepid protection the IRS seems to offer. The IRS says most people won’t be prosecuted. That isn’t the same as a guarantee and in itself is kind of unsettling.
Yet some fear prosecution precisely because of the tepid protection the IRS seems to offer. The IRS says most people won’t be prosecuted. That isn’t the same as a guarantee and in itself is kind of unsettling.
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