What! The IRS lied!?!

January 11, 2012February 13, 2021

The Taxpayer Advocate Service, an oversight arm of the IRS, wrote in its annual report to Congress that a series of IRS voluntary disclosure programs allowing wealthy Americans to come forward and disclose their hidden accounts in exchange for reduced penalties had caused some taxpayers to pay more than they had been led to believe was required. Such taxpayers are typically those who have inherited accounts or work overseas.

“The IRS’s offshore voluntary disclosure program bait and switch may undermine trust for the IRS and future compliance programs,” Nina Olson, the national taxpayer advocate who heads the service, wrote in the report.

I’m sorry…I was going to show you my shocked face, but I guess it’s at the cleaners.

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