Coming in 2010: New IRS Rules to Fight Tax Evasion

Many wealthy Americans have been using offshore services provided by foreign banks to evade tax. Things may now get a little difficult.

Until now foreign banks could funnel hundreds of billions of dollars overseas on behalf of American clients without disclosing their names to the Internal Revenue Service (IRS) under a program known . . . → Read More: Coming in 2010: New IRS Rules to Fight Tax Evasion