Posted by taxguru on May 1, 2003
Pointing the Finger
According to IRS, their recent program for people to avoid prosecution by voluntarily admitting their participation in schemes to hide money offshore has paid off well in terms of money and in names of the people promoting these scams. More than 1,200 people took advantage of this opportunity to come clean. A partial analysis of some of the cases has already identified more than $50 million in uncollected taxes and 80 new offshore promoters. As I have always said, shutting down the promoters of illegal tax evasion scams is a much more effective approach for IRS enforcement than going after their followers on a one by one basis.
KMK
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Tax Guru - Ker$tetter Letter 