Hurricane Irene Pushes IRS To Extend Tax Deadline – Wall Street Journal

–U.S. taxpayers with overseas bank accounts get until Sept. 9 to apply to an IRS amnesty program due to hurricane.

–U.S. taxpayers must report foreign bank accounts if their aggregate value tops $10,000 at any time in a calendar year.

–OVDI program promises reduced penalties to those who report their money in overseas accounts.

Hurricane Irene hammered the East Coast …

–U.S. taxpayers with overseas bank accounts get until Sept. 9 to apply to an IRS amnesty program due to hurricane.

–U.S. taxpayers must report foreign bank accounts if their aggregate value tops $10,000 at any time in a calendar year.

–OVDI program promises reduced penalties to those who report their money in overseas accounts.

Hurricane Irene hammered the East Coast …

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