IRS Continues Crackdown, Sues for Disclosure of Offshore Accounts: Continuing its crackdown on offshore accounts, the Internal Revenue Service went to court in an effort to force more than 40 companies, including AOL Time Warner, eBay and American Airlines, to surrender information on customers that the agency suspects are hiding income in offshore accounts.
The IRS reportedly filed summonses in federal courts in seven cities in an attempt to review documents from companies whose goods or services were purchased with credit cards linked to offshore accounts. Summonses were filed in Atlanta, Chicago, Dallas, Newark, San Francisco, Seattle and Alexandria, Va.
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