IRS Gets Tougher on Offshore Tax Evaders

July 20th, 2009

Wall Street Journal

The Internal Revenue Service has stepped up scrutiny of offshore accounts and foreign income, an enforcement campaign that could sweep up tens of thousands of taxpayers.

The push to recover some of the billions of dollars lost each year to offshore tax evasion goes beyond the government’s high-profile effort to force Swiss bank UBS AG to release the names of 52,000 American account holders in order to nab tax evaders.

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