IRS WILL SOON EXAMINE U.S. TAXPAYERS WITH UNDECLARED INDIAN BANK ACCOUNTS.
Reporting on a California State Bar Tax Section Meeting, Tax Notes reports that the IRS will soon (as early as the week of 11/11/13) ) begin examining U.S. taxpayers suspected of holding undeclared accounts in Indian banks, according to Nicholas Connors, a supervisory revenue agent with SEP.
Read the full Tax Notes here.
