DEADLINE - August 31, 2011: Owners or signatories of financial accounts outside of the United States may escape criminal prosecution and reduce civil penalties by participating in the IRS Offshore Voluntary Disclosure Initiative. The objective of this amnesty program is to bring U.S. taxpayers with undisclosed foreign accounts, foreign entities, foreign trusts, and foreign gifts into compliance with U.S. tax laws.
Please see full publication below for more information.