Amnesty Programs Archives - Andersen in Canada

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IRS Amnesty Programs Are Closing Soon. What You Need to Know.

Steven Flynn, CPA, CA, CPA (Washington) 01/23/2020

Explanation of IRS Amnesty Programs The Internal Revenue Service offers amnesty programs for individuals, corporations and other entities who fail to timely file certain U.S. federal income tax returns and forms pay applicable taxes. Participating in these programs allows taxpayers to correct delinquencies while minimizing ...

Update on IRS Tax Amnesty Programs

Steven Flynn, CPA, CA, CPA (Washington) 02/05/2016

For the last eight years, the Internal Revenue Service has offered a number of tax amnesty programs to allow taxpayers to come forward and declare unreported non-U.S. source income and assets. Using these programs reduces penalties and can prevent criminal prosecution. We have previously written ...

The member firms of Andersen in Canada focus on Canadian, international and Canada-U.S. cross-border tax matters. With offices across Canada, our tax professionals work with a broad range of businesses and individual clients to develop innovative tax solutions for a diverse range of issues. Our senior leaders and many of our professional staff have extensive experience in Canadian, international, U.S. and cross-border tax matters with major international accounting firms, as well as practical experience working with businesses and individuals.