Offshore Voluntary Disclosure Program Is Closing Down And Then IRS IS Coming After Holders of Undisclosed Offshore Accounts The Offshore Voluntary Disclosure Program (OVDP) closes September 28, 2018 and account holders that fail to disclose offshore accounts will be investigated by IRS and DOJ. What is surprising is that the...
Scarinci Hollenbeck’s Tax, Trusts & Estates practice group regularly provides content on offshore disclosures. To receive our attorneys’ offshore disclosures articles please to our subscribe to our email list.
Potential Criminal and Civil Penalties for Offshore Tax Avoidance
While it may seem crazy to notify the Internal Revenue Service (IRS) that you have potentially broken the law, it...
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...
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