Tax Law

Recent Posts

Troutman Sanders LLP: IRS Reopens Offshore Voluntary Disclosure Program
Posted on 13 Jan 2012 by Troutman Sanders

By Mark A. Goldsmith , Bryan B. Lavine and Robert A. Friedman Earlier this week, the IRS announced the reopening of the Offshore Voluntary Disclosure Program. The latest version of the program contains many of the same features of the two most... Read More

Fulbright & Jaworski LLP: IRS Gives Taxpayers Third Bite At The Apple; Announces Third Offshore Voluntary Disclosure Program
Posted on 13 Jan 2012 by Norton Rose Fulbright

By Jasper G. Taylor, III , Robert C. Morris and Zhusong Yang The IRS, in a news release dated January 9, 2012, IR-2012-5 , announced the reopening of its offshore voluntary disclosure program ("2012 Offshore Voluntary Disclosure Program"... Read More

Duane Morris LLP: New 2012 Offshore Voluntary Disclosure Program; Taxpayer Advocate Criticizes IRS "Bait & Switch"; Current Offshore Enforcement Initiatives
Posted on 25 Jan 2012 by Duane Morris LLP

By Thomas W. Ostrander 2012 Offshore Voluntary Disclosure Program Announced by IRS: Details and Issues On January 9, 2012, the Internal Revenue Service (IRS) announced that it had reopened the Offshore Voluntary Disclosure Program (OVDP) following... Read More

Additional FBAR Relief for Certain Foreign Financial Account Signatories
Posted on 21 Jun 2011 by LexisNexis Tax Center

by Keith J. Blum , Partner - Boies, Schiller & Flexner LLP On June 16, 2011, the IRS, in Notice 2011-54, further extended the deadline from June 30, 2011, to November 1, 2011, for the filing of the Report of Foreign Bank and Financial Accounts... Read More

California's Voluntary Compliance Initiative: It's Not the Crime - It's the Cover-Up!
Posted on 24 May 2011 by Deanne Morton

One of my close friends from law school was interested in white collar criminal defense work. After graduation he went on to become a star litigator and is now a partner with a litigation boutique firm in Atlanta, Georgia. A majority of his practice involves... Read More

Foreign Financial Accounts and Assets Reporting and the 2011 OVDI
Posted on 4 Mar 2011 by Neil Aragones

The Service has announced the launch of an initiative to give taxpayers the opportunity to voluntarily disclose previously-undisclosed offshore financial accounts and assets. IR-2011-14 (issued on February 8, 2011) explains that the 2011 Offshore Voluntary... Read More

Troutman Sanders LLP: IRS Reopens Offshore Voluntary Disclosure Program
Posted on 13 Jan 2012 by Troutman Sanders

By Mark A. Goldsmith , Bryan B. Lavine and Robert A. Friedman Earlier this week, the IRS announced the reopening of the Offshore Voluntary Disclosure Program. The latest version of the program contains many of the same features of the two... Read More

IRS Offers New Tax Amnesty Program for Offshore Account Holders
Posted on 14 Feb 2011 by Frankfurt Kurnit Klein & Selz

There's important news for people who maintain funds in offshore accounts. The IRS announced this week the 2011 Offshore Voluntary Disclosure Initiative ("OVDI") -- a new program designed to encourage people to bring offshore assets into... Read More

Williams Mullen: IRS Announces a Second Voluntary Offshore Disclosure Initiative
Posted on 27 Mar 2011 by Williams Mullen

By: Sean M. King , Matthew C. Marshall & Jeffrey D. Chadwick The IRS announced a voluntary disclosure initiative for taxpayers with undisclosed foreign financial accounts. It applies to both individuals and entities who make timely, accurate... Read More

Caplin & Drysdale International Tax Alert
Posted on 9 Jun 2011 by Caplin and Drysdale

Caplin & Drysdale, Chartered - International Tax Alert Recent Developments Relating to FBARs and Offshore Voluntary Disclosure Program By Lucy S. Lee and Scott D. Michel Last week was a busy week for the IRS. The IRS has made several important... Read More

Fulbright & Jaworski LLP: IRS Gives Taxpayers Third Bite At The Apple; Announces Third Offshore Voluntary Disclosure Program
Posted on 13 Jan 2012 by Norton Rose Fulbright

By Jasper G. Taylor, III , Robert C. Morris and Zhusong Yang The IRS, in a news release dated January 9, 2012, IR-2012-5 , announced the reopening of its offshore voluntary disclosure program ("2012 Offshore Voluntary Disclosure... Read More

McDermott Will & Emery: IRS Announces 2011 Voluntary Disclosure Program
Posted on 23 Feb 2011 by McDermott Will & Emery

By Thomas C. Borders PC and Menna Eltaki The IRS has announced a second offshore voluntary disclosure initiative intended to bring more taxpayers into compliance with the tax rules and bring offshore money back into the U.S. tax system. The 2011... Read More

Duane Morris LLP: New 2012 Offshore Voluntary Disclosure Program; Taxpayer Advocate Criticizes IRS "Bait & Switch"; Current Offshore Enforcement Initiatives
Posted on 25 Jan 2012 by Duane Morris LLP

By Thomas W. Ostrander 2012 Offshore Voluntary Disclosure Program Announced by IRS: Details and Issues On January 9, 2012, the Internal Revenue Service (IRS) announced that it had reopened the Offshore Voluntary Disclosure Program (OVDP) following... Read More