IRS steps up hunt for offshore money as 7,500 disclose accounts

The U.S. Internal Revenue Service said it is expanding its search for Americans with undeclared offshore bank accounts, using information from 7,500 people, including customers of UBS AG, who have applied for leniency. IRS Commissioner Doug Shulman told reporters Wednesday that those who have come forward disclosed accounts ranging from $10,000 to $100 million since the ...

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IRS steps up hunt for offshore money as 7,500 disclose accounts

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