BUSINESS

U.S. Internal Revenue Service Revives Offshore Tax Dodger Forgiveness Program

01/09/2012 02:46 pm ET | Updated Mar 10, 2012

Jan 9 (Reuters) - The U.S. Internal Revenue Service on Monday said it was reopening an offshore voluntary disclosure program for U.S. taxpayers who have evaded taxes by hiding money in secret bank accounts.

Two previous IRS programs, which ran in 2009 and 2011, brought in more than $4.4 billion in taxes from tens of thousands of tax evaders, said the tax collection agency.

"This new program makes good sense for taxpayers still hiding assets overseas and for the nation's tax system," said IRS Commissioner Doug Shulman in a statement. (Reporting By Lynnley Browning. Editing by Kevin Drawbaugh and Steve Orlofsky)

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