IRS Offers Amnesty to Foreign Credit Card Holders Evading Taxes
By Leigh Strope Associated Press Writer
Published: Jan 14, 2003
WASHINGTON (AP) - The Internal Revenue Service is offering a
get-out-of-jail-free card: Declare any offshore credit cards that you
have used to hide income and you'll receive only minor penalties or no
punishment at all.
The IRS, in an announcement planned for Tuesday, will give
foreign-account holders until April 15 to cooperate, according to
congressional sources briefed on the new initiative.
http://ap.tbo.com/ap/breaking/MGA0HOBUXAD.html
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