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The IRS is launching a new project which targets US expats with undisclosed foreign assets, and Australian accountants are included in the framework of its whistleblower program.
As part of the campaign, the IRS is introducing a whistleblower incentive, which is aimed at accountants, lawyers and anyone who has been assisting a taxpayer, which would include professionals here in Australia with US taxpayer clients.
Read the full article on Accountants Daily.