Should I Participate in The Offshore Voluntary Disclosure Program (OVDP)?

Should I Participate in The Offshore Voluntary Disclosure Program (OVDP)?

This post updates and rehashes my earlier post on the 2011 Offshore Voluntary Disclosure “Initiative.” The initiative is now a “Program” with no stated deadline.  As of this date, the IRS has not yet published the official guidelines for the program other than to inform us that the OVDP penalty for failure to disclose offshore accounts … Continue reading Should I Participate in The Offshore Voluntary Disclosure Program (OVDP)?