IN BRIEF
WASHINGTON — Tax dodgers who hid assets overseas will get a few extra weeks to apply for an amnesty program that has been flooded with applications ahead of the Wednesday deadline.
The Internal Revenue Service will announce today the deadline will be extended until Oct. 15, said a government official who spoke on condition of anonymity.
More than 3,000 Americans have applied for the program, which promises no jail time and reduced penalties for tax cheats who come forward, said the official who was not authorized to speak on the record ahead of the public announcement.
The IRS is extending the Wednesday deadline to give a rush of applicants more time to prepare their paperwork, the official said.
The IRS long has had a policy that certain tax evaders who come forward before they are contacted by the agency usually can avoid jail time as long as they agree to pay back taxes, interest and hefty penalties. Drug dealers and money launderers need not apply.
