Good news for those who still haven’t come forward to disclose offshore accounts – the IRS is giving taxpayers a third chance, with no deadline and slightly higher penalties.  This information was announced in a press relase from the IRS today – we will post more information as it becomes available.  If you think you are eligibile to participate in this program, or have any questions, contact our office at (916) 488-8501.

For the full press release from the Internal Revenue Serivce, visit http://www.irs.gov/newsroom/article/0,,id=252162,00.html?portlet=108.