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...
By Jasper G. Taylor, III ,
Robert C. Morris and
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...
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...
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...
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...
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.
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)