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What does partial amnesty means?

Updated: 9/15/2023
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14y ago

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The IRS is encouraging taxpayers who have not filed tax returns, not reported all of their income on their tax returns and/or have taken frivolous tax deductions to participate in this Limited Time Voluntary Disclosure Program.

It state that one must initiate participation in the Voluntary Disclosure Program before the IRS finds it out. This will allow one to avoid criminal prosecution and the assessment of significant IRS penalties.

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14y ago
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