7,500 Americans Admit Secret Bank Accounts as Deadline Nears

Faced with a Thursday midnight deadline to avoid possible prosecution, more than 7,500 Americans have come clean about secret foreign bank accounts, a senior IRS official said in an interview for broadcast tonight on "ABC World News with Charles Gibson." "We've been seeing a continuing surge of voluntary disclosure," said IRS Deputy Commissioner Barry Shott, who oversees international tax compliance. The surprising response comes weeks after the once-secretive Swiss Bank, UBS, notified...Full Story