There is still time to participate in VCI 2, but you need to act now! It takes time to assemble the disclosure package so please do not wait until you’re donning your Halloween outfit to get started. Franchise Tax Board News Release: Last Chance to Apply for Tax Amnesty Program Sacramento — The Franchise Tax Board (FTB) … Continue reading Last Chance to Apply for Tax Amnesty Program – Oct. 31, 2011
On August 26, 2011, the Internal Revenue Service extended the deadline for participation in the 2011 Offshore Voluntary Disclosure Initiative to September 9, 2011. My communications with the IRS during the past week indicate that the Service will be much more ridged during this 2011 Initiative than it was during the 2009 Initiative. The civil review … Continue reading Deadline Extension – 2011 Offshore Voluntary Disclosure Initiative
Time is running out to avoid some major penalties and potential criminal liability. We’ve discussed this program in our posts here and here. We’re getting more and more phone calls of people trying to get in before this opportunity ends. There has been no indication from the IRS that there will be a third disclosure initiative. … Continue reading The August 31 Deadline Is Fast Approaching for the Second Special Voluntary Disclosure Initiative of Offshore Accounts