"WASHINGTON (AP) About 12,000 tax cheats have come clean under a program that offered reduced penalties and no jail time to people who voluntarily disclosed assets they were hiding overseas, the Internal Revenue Service announced Thursday. "Those people have so far paid $500 million in back taxes and interest. IRS Commissioner Doug Shulman said he expects the cases to yield substantially more money from penalties that have yet to be paid." Link: 12,000 tax cheats come clean under IRS program - Yahoo! News Now the fun begins, the next group of tax cheats will be named, perp. walked and tossed into the Federal Prison system.