Foreign Bank Accounts and Offshore Voluntary Disclosure Compliance
By: Coleman Jackson, Attorney-CPA July 14, 2016 According to a publicly released audit report dated June 02, 2016 by the Treasury Inspector General for Tax Administration (TIGTA), the Internal Revenue Service (IRS) needs to improve its efforts to address the noncompliance of taxpayers who are denied access to or withdraw from the IRS’ Offshore Voluntary…