Offshore Tax Evaders Take Advantage Of IRS Amnesty

Nov. 18, 2009

Tax cheats are coming clean. The Internal Revenue Service says nearly 15,000 tax evaders responded to its recent offer of limited amnesty. The program covered undisclosed foreign bank accounts and other assets. The response was far greater than expected.

Swiss bank accounts remain secret

WASHINGTON, July 8 (UPI) -- A new U.S.-Swiss treaty on bank secrecy may not help the Internal Revenue Service catch tax evaders, a Swiss official says.

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Lori Anne Madison, 6, competes in Scripps National Spelling Bee

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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler

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Offshore Tax Evaders Take Advantage Of IRS Amnesty

Swiss bank accounts remain secret