IRS EXTENDS DEADLINE TO DECLARE FOREIGN ACCOUNTS
Wall Street Journal - September 21, 2009
In an effort to keep its doors open to tax evaders, the Internal Revenue Service will extend until Oct. 15 its limited amnesty program for U.S. taxpayers with undeclared income on foreign accounts, according to government officials.
The special voluntary disclosure program was to have ended Wednesday. It began in March after UBS AG in February turned over the names of more than 250 account holders as part of a criminal settlement. Government officials said the extension comes after "repeated requests" from tax professionals who need more time to help taxpayers enter the program.
http://www.irs.gov/newsroom/article/0,,id=206012,00.html?portlet=7
