Enforcement

IRS Touts Success of Offshore Account Initiative, Announces Expansion of Enforcement Efforts

IRS Commissioner Douglas H. Shulman announced at a press conference on October 14 that 7,500 U.S. taxpayers have responded to the IRS's offshore voluntary compliance initiative. The initiative ends October 15 and will not be extended, the IRS has confirmed. The initiative was announced on March 23, 2009 (TAXDAY, 2009/03/27, I.3), and deadline has been extended once, from September 23 to October 15 (IR-2009-84; TAXDAY, 2009/09/22, I.1).

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