The IRS finally got around to releasing the guidelines for the 2012 Offshore Disclosure Program. IRS Says Offshore Effort Tops $5 Billion, Announces New Details on the Voluntary Disclosure Program and Closing of Offshore Loophole WASHINGTON — The Internal Revenue Service today announced that its offshore voluntary disclosure programs have exceeded the $5 billion mark … Continue reading 2012 OVDP Guidelines
Moving your business offshore to avoid US tax exposure is an option, but doing so comes with significant risks, including increased scrutiny by the IRS and their interest in your offshore profits. IRS Auditing How Google Shifted Profits By Jesse Drucker The U.S. Internal Revenue Service is auditing how Google Inc. (GOOG)avoided federal income taxes by shifting profit into … Continue reading The IRS is Interested in Google's Offshore Profits