2009 March 31

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A Tax Problem for Another Obama Cabinet Appointee. Where’s the Outrage?

March 31st, 2009 · No Comments

The Kansas City Star reports that, Health and Human Services nominee Kathleen Sebelius has corrected three years of tax returns and paid more than $7,000 in back taxes after finding “unintentional errors” — the latest tax troubles for an Obama administration nominee. The Kansas governor explained the changes to senators in a letter dated today [...]

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Tags: Legislative Watch · News · Opinion

IRS Urges Foreign Bank Account Holders to Come Forward Voluntarily

March 31st, 2009 · 16 Comments

As the U.S. continues to intensify its investigation of offshore banks and their U.S. taxpayer customers, the IRS has announced that it will be more lenient with holders of offshore banks accounts who come forward voluntarily, Tax-News.Com reports: IRS Commissioner Doug Shulman has announced that a partial amnesty program being launched by the agency will see account holders avoid heavy [...]

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Tags: Announcements · IRS Penalties · Tax Crimes

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