IRS Initiates Second Offshore Amnesty Program

On February 8th, 2011, the IRS announced the 2011 Offshore Voluntary Disclosure Initiative for taxpayers with undisclosed income in foreign bank accounts to come forward and get current with their taxes. By coming forward voluntarily, taxpayers can generally avoid criminal prosecution and pay a reduced penalty. To participate, taxpayers must submit several documents and amended tax returns by August 31, 2011. For more information visit:,,id=234900,00.html

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Roger Royse

Roger Royse, the founder of the Royse Law Firm, works with companies ranging from newly formed tech startups to publicly traded multinationals in a variety of industries. Roger regularly advises on complex tax structuring, high stakes business negotiations and large international financial transactions. Practicing business and tax law since 1984, Roger’s background includes work with prominent San Francisco Bay area law firms, as well as Milbank, Tweed, Hadley and McCloy in New York City.
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