Attys Face Headaches With IRS Offshore Penalty Update

By Ama Sarfo ( June 19, 2014, 6:52 PM EDT) -- Wednesday's announcement that the Internal Revenue Service will exercise leniency with U. S. residents who skip tax payments on their offshore accounts and earnings is a boon for individuals who accidentally fail to pay, but its vague qualification standards pose a headache for attorneys counseling clients into the program. . . .

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