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IRS Offers New Guidance on the Offshore Voluntary Disclosure Program (OVDP)
Posted by Kristen Shepley on Wed, Sep 26, 2012 @ 09:13 AM

Program allows taxpayers with undisclosed foreign accounts and assets to “come clean” in exchange for reduced penalties and protection against criminal prosecution

Are You Eligible?

The IRS has issued guidance on its current Offshore Voluntary Disclosure Program (OVDP) and tightened eligibility requirements. Good news: taxpayers with undisclosed foreign accounts and assets can “come clean” in exchange for reduced penalties and protection against criminal prosecution.

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Topics: tax issues, Kristen Shepley, tax, IRS, OVDP, U.S. citizens, Offshore Voluntary Disclosure Program, tax relief

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