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IRS Offers Break to Some Expats With Tax Problems

The U.S. agency that collects taxes says it will give a break to Americans living abroad who have failed to file their taxes and go a little easier than usual on those living in the U.S. with secret foreign bank accounts - if both groups can show they did not evade U.S. taxes on purpose. On Wednesday, the IRS said expatriate Americans can avoid some penalties by filing three years of back taxes, and convincing officials the failure to pay taxes was not deliberate.  The penalty for...

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