U.S. Internal Revenue Service has announced the one-time extension of the program, which allows taxpayers with no declared profits in offshore accounts without any consequences to disclose this information voluntarily. Now the deadline extended until October 15, 2009. For those taxpayers who do not have time to provide information to this number, the detection of violations on their part will be used much more stringent civil penalties, including criminal prosecution.
Employees Revenue Service decided to extend the period after receiving repeated requests from tax advisers and lawyers across the country who do not have time to consider and prepare all applications wishing to use this program. Internal Revenue Service offers last chance for those who are at the last moment decided to declare their income and could not do it for technical or administrative problems. But repeated extensions of the program is no more.
The number of applicants to declare their income increased after the investigation connected with the Swiss bank UBS, U.S. clients accused of tax evasion. In March 2009 the U.S. Revenue Service has received more than three thousand hits, previously resorted to voluntary disclosure of no more than 100 people a year.
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