The Internal Revenue Service (IRS) said it will aggressively prosecute people with undisclosed foreign bank accounts. At the same time, the agency recently announced a program that can help people avoid prosecution and reduce their financial exposure. David Kohane, a member of the Litigation Department and Jeffrey Schechter, a member of the Tax, Trusts & Estates Department, had an article on the subject published on July 2, 2009 in the “Ask The Experts” column of The Record. Click here to read the article.
