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Passion for Lassen fundraiser At-risk youth camping, rehabilita- tion of the Lassen Peak Trail, and improved historical and geological information for park visitors are among Lassen Volcanic National Park projects that will benefit from "A Pas- sion for Lassen," a fundraising event open to the public, being held by the Lassen Park Foundation on Sat., Aug. 25 at the national park's southwest visitor center. The event, will be held at the Kohn Yah mah-nee Visitor Center, near Mineral and will include a barbecue dinner catered by Robbie Clearie of Clearie's in Redding, live music and silent and live auction items, available for public bid. George Rodrigue silkscreen print (Blue Dog), private airplane flight to Carmel for golf and lunch for four, a four-night stay in a luxurious vacation home at the Sunriver Resort in Ore- gon, a three-night stay in a deluxe cabin for six at Elk Meadow in Red- wood National Park, a three-night stay at Drakesbad Guest Ranch in Lassen Volcanic National Park, a day trip for four with lunch at Angel Island State Park, VIP Cline Cellar tour and wine tasting in Sonoma, and a two-night stay in a tent cabin in the Redwoods at Big Basin State Park. Additional auc- tion items are listed at biddingfor- good.com/lassenparkfndtn/auction. The Lassen Park Foundation is a 501 (c) 3 non-profit organization that provides philanthropic support to pre- serve and interpret the natural and cul- tural resources of Lassen Volcanic National Park and its environs, for Among auction items are a signed Thursday, June 28, 2012 – Daily News 5A Daily News file photo The Passion for Lassen fundraiser is scheduled for Saturday, Aug. 25 at the Lassen Park Foundation. present and future generations. Areas of focus include youth programs, enhanced interpretive and educational activities, trail restoration, wildlife IRS announces disclosure programs have exceeded $5 billion mark The Internal Revenue Service today announced that its off- shore voluntary disclo- sure programs have exceeded the $5 billion mark and released new details regarding the voluntary disclosure program announced in January, including tightening the eligibili- ty requirements. "We continue to (FATCA). make strong progress in our international com- pliance efforts that help ensure honest taxpayers are not footing the bill for those hiding assets offshore," said IRS Commissioner Doug Shulman. "People are finding it tougher and tougher to keep their assets hidden in off- shore accounts." offshore voluntary dis- closure programs have so far resulted in the collection of more than $5 billion in back taxes, interest and penalties from 33,000 voluntary disclosures made under the first two programs. In addition, another 1,500 disclosures have been made under the new program announced in January. The voluntary disclo- sure programs are part of a wider effort by the IRS to stop offshore tax evasion and ensure tax compliance. This includes beefed up enforcement, criminal prosecution and imple- mentation of third-party reporting through the Foreign Account Tax Compliance Act Shulman said the IRS The IRS also closed a loophole that's been used by some taxpayers with offshore accounts. Under existing law, if a taxpayer challenges in a foreign court the disclo- sure of tax information by that government, the taxpayer is required to notify the U.S. Justice Department of the appeal. which helps bring peo- ple back into the tax system -- will be open for an indefinite period until otherwise announced. The pro- gram is similar to the 2011 program in many ways, but with a few key differences. Unlike last year, there is no set deadline for people to apply. The IRS said that if the taxpayer fails to comply with this law and does not notify the U.S. Justice Department of the foreign appeal, the taxpayer will no longer be eligible for the Offshore Voluntary Disclosure Program (OVDP). The IRS also put taxpayers on notice that their eligibility for OVDP could be termi- nated once the U.S. government has taken action in connection with their specific financial institution. Additional details of these eligibility issues are available in a new set of questions and answers released today on the current OVDP, which was announced in January (see IR- 2012-5). The IRS reopened the OVDP fol- lowing continued strong interest from taxpayers and tax practitioners after the closure of the 2011 and 2009 pro- grams. This program – C & C PROPERTIES terms of the program could change at any time going forward. Under the current However, the research, and cultural resource devel- opment. To attend "A Passion for Lassen" or for other information about the Lassen Upward Bound is a rigorous college- preparation program for low-income high school students who will be the first in their family to attend college. The Upward Bound program is a yearlong academic program that includes a six-week intensive college preparation summer program. During the school year, tutors visit each student once a week to help them with their academics and advise them about college. The students are taken on college tours during the end of the school year. In the six-week summer program, stu- Park Foundation, call (530) 378-2600, email martha@lassenparkfounda- tion.org tion.org. or visit lassenparkfounda- College prep for low income students dents from the 18 high schools spend their weekdays on the California State University, Chico campus. Every day they attend classes that prepare them for the next school year and get the opportu- nity to work at a specific worksite. A College and Career Fair will be held 9 a.m. to noon Friday, July 13 in the Bell Memorial Union at Chico State. The purpose of the fair is to give the stu- dents in this program an opportunity to see what colleges are available to them in California and what careers are avail- able to them when they get a college degree. OVDP, the offshore penalty has been raised to 27.5 percent from 25 percent in the 2011 pro- gram. The reduced penalty categories of 5 percent and 12.5 per- cent are still available. The IRS also announced a plan to help U.S. citizens resid- ing overseas to catch up with tax filing obliga- tions and assistance for people with foreign retirement plan issues. See IR-2012-65 also issued today. Over 25 years of experience The North State's premier supplier of stoves STOVE JUNCTION Wood Burning Stoves Did you know? We've Got Exempt From No Burn Days! 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