While it may seem crazy to notify the Internal Revenue Service (IRS) that you have potentially broken the law, it often outweighs the risks of the agency discovering that you have failed to disclose and pay taxes. That’s because the IRS is authorized to impose significant civil and criminal penalties...
Scarinci Hollenbeck’s Tax, Trusts & Estates practice group regularly provides content on the IRS (Internal Revenue Services). To receive our attorneys’ IRS articles please subscribe to our email list.
IRS to Ramp Up Criminal Prosecution to Combat Offshore Tax Avoidance
The Internal Revenue Service (IRS) announced that the Offshore Voluntary Disclosure Program (OVDP) will be closing on September 28, 2018....
Requirements of the IRS Offshore Voluntary Disclosure Program
The IRS Offshore Voluntary Disclosure Program (OVDP) is a voluntary disclosure program for taxpayers with exposure to potential criminal liability...
IRS Ending Offshore Voluntary Disclosure Program
The IRS Recently Announced it is Ending its Offshore Voluntary Disclosure Program (OVDP) The Internal Revenue Service (IRS) recently announced...
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