Latest Tax amnesty Stories

2009-09-21 09:59:53

A government official said the IRS will extend amnesty until Oct. 22 for U.S. tax evaders with overseas accounts who hope to avoid prosecution. The original deadline for those with hidden assets overseas to voluntarily step forward to avoid prosecution was Wednesday, Sept. 23, The New York Times reported Monday. The deadline was set after Swiss bank UBS said it would reveal the names of 4,450 U.S. clients with assets hidden from the IRS. The bank paid a $780 million fine after admitting it...

2009-06-02 14:05:00

TRENTON, N.J., June 2 /PRNewswire/ -- A webcast that provides information to individual taxpayers, business owners and tax professionals interested in taking part in New Jersey's Tax Amnesty program has been posted at TaxAmnesty.nj.gov. The webcast will remain on the site until the Amnesty program ends June 15. (Logo: http://www.newscom.com/cgi-bin/prnh/20090504/NY10210LOGO ) The webcast features Mark Wintermute, administrator of the Tax Amnesty program, answering a number of questions...

2009-05-04 09:28:00

State Will Slash Interest in Half; Waive Penalties for Individuals and Businesses TRENTON, N.J., May 4 /PRNewswire/ -- The New Jersey Division of Taxation has initiated a limited time Tax Amnesty program for individuals and businesses that, due to tough economic times, owe taxes and are now confronted with accumulating interest payments and penalties. Beginning Monday, May 4, and until June 15, 2009, the Division will waive all penalties and forgive half of the interest owed. (Logo:...

Word of the Day
  • One of a religious order living in a convent or in community; a monk: opposed to anchoret or hermit (one who lives in solitude).
  • A social bee.
This word comes from the Latin 'coenobium,' convent, which comes from the Greek 'koinobios,' living in community.