In March 2009, the IRS announced the creation of the IRS Voluntary Disclosure Program to encourage taxpayers to come forward and disclose previously undisclosed offshore accounts in exchange for reduced penalties and the promise not to refer the case for criminal prosecution.

-> what are the tax ramifications of a short sale
-> Tax Relief Attorney
-> What is Tax Refund
-> IRS Late Filing Penalty
-> The IRS Tax Debt Collection Process
-> federal tax brackets
-> Tax Debt Resolution
-> Hiring a Tax Attorney
-> Tax Credit for First Time Home Buyer
-> Tax Relief Checks
-> Settle Back Taxes
-> Personal Tax Relief
-> IRS Debt
-> intuit turbotax

Remember, you have to pay any taxes due regardless of the extension, so try to guesstimate what you will owe.