Tag Archives: tax evasion
IRS Is Closing Offshore Voluntary Disclosure Program; Deadline of September 28, 2018
March 15, 2018
The IRS announced it will be closing its Offshore Voluntary Disclosure Program (OVDP) as of September 28, 2018. The news follows a significant decrease in taxpayer participation in the program, coupled with advances in third-party reporting of offshore account information and increased awareness of reporting obligations. All submissions made by the deadline must ...

Written by:
Morris Robinson
Categories Bank Secrecy Act, FATCA, FBAR, International Information Returns, OVDP, Streamlined Offshore Procedures, Tax Planning
Tags: FATCA, Foreign Accounts, foreign-source income, OVDP, report of foreign bank and financial accounts, Streamlined Certification, Streamlined Procedures, tax evasion