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IRS offers new amnesty to offshore tax cheats

Wealthy tax evaders with assets stashed offshore can come clean with U.S. authorities under a new amnesty program with reduced penalties, the government said Tuesday.

“It gives people a chance to come in before we find them,” Internal Revenue Service Commissioner Doug Shulman said. The new effort follows a 2009 amnesty program, which lured 15,000 taxpayers with hidden accounts. Get the full story »