The Internal Revenue Service Aug. 29 said it would include foreign bank account and other foreign information reports in the nine-day extension it granted to taxpayers seeking to participate in the agency's Offshore Voluntary Disclosure Initiative (OVDI), in what one stakeholder said was a welcome decision. The move is the latest news for the initiative,…
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9th Circuit Finds Fifth Amendment Privilege Does Not Apply to Swiss Banking Records
Ninth Circuit Finds Fifth Amendment Privilege Does Not Apply to Swiss Banking Records - The Fifth Amendment privilege does not apply to records that fall under the Required Records Doctrine http://www.ca9.uscourts.gov/datastore/opinions/2011/08/19/11-55712.pdf Read more at: Tax Times blog
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