Financial Regulatory Forum

U.S. extends tax amnesty deadline to October 15

September 21, 2009

The logo of Swiss bank UBS is seen at the company's office at the Bahnhofstrasse in Zurich July 1, 2009. By Kim Dixon

WASHINGTON (Reuters) – U.S. authorities will extend an amnesty program for taxpayers who have income hidden in offshore accounts by three weeks to October 15, citing pleas from tax professionals who say they could not handle the numbers of individuals rushing to take part.

U.S. tax evaders rush to beat amnesty deadline

September 14, 2009

By Kim Dixon
WASHINGTON, Sept 14 (Reuters) – Rich Americans who have evaded taxes by hiding foreign holdings have about a week to turn themselves in to an Internal Revenue Service amnesty program or gamble they will not be caught.