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)?
I’d have to reach to really tie this photo from NASA of glacial ice calving offshore into the IRS’s “offshore” disclosure program. Posts are more interesting with photos included, so let’s avoid the awkward analogy and move on to the program! It looks like the IRS found success with its 2009 and 2011 voluntary disclosure programs and … Continue reading IRS Offshore Voluntary Disclosure Program Reopens for 2012
See the article here. Though the deadline for participation in the 2011 Offshore Voluntary Disclosure Program passed September 9, 2011, and the unofficial deadline passed last friday, keep in mind that the standard Voluntary Disclosure Program remains in effect. Please give us a call at 415-781-4000 if you have concerns. (Reuters) – The U.S. pursuit of offshore … Continue reading U.S. tax-evasion probe turns to Israeli banks