IRS Launches New Disclosure Program For Offshore Funds

The Internal Revenue Service announced a new disclosure initiative to encourage people to bring money held offshore back into the U.S. tax system.

Individuals can bring their money back into the U.S. system, provided they pay a penalty, back-taxes an…

Two More Arrested in Madoff Ponzi Scheme

Annette Bongiorno and Joann “Jodi” Crupi, both long-term employees at Bernard L. Madoff Investment Securities, were arrested Thursday and charged with multiple counts of conspiracy, securities fraud, falsifying documents and ta…