July 12, 2018
There is Still Time to Participate in the OVDP, But It’s Running Out

There is Still Time to Participate in the OVDP, But It’s Running Out

The Foreign Bank Account Reporting laws (FBAR) require that U.S. residents timely report, on an annual basis, interests in an account at a foreign financial institution. […]
April 4, 2018
Foreign Account Reporting Options for Taxpayers Who Do Not Qualify for the Offshore Voluntary Disclosure Program (OVDP)

Foreign Account Reporting Options for Taxpayers Who Do Not Qualify for the Offshore Voluntary Disclosure Program (OVDP)

The Offshore Voluntary Disclosure Program (OVDP), known in previous years as the Offshore Voluntary Disclosure Initiative (OVDI), was established by the Internal Revenue Service (IRS) to […]
March 29, 2018
What to Expect if You Enter the Offshore Voluntary Disclosure Program (OVDP)

What to Expect if You Enter the Offshore Voluntary Disclosure Program (OVDP)

If you visited our tax law blog earlier this week, you may have spotted a major announcement: in September 2018, the Internal Revenue Service (IRS) will […]
March 27, 2018
Breaking Tax News: IRS to End Offshore Voluntary Disclosure Program (OVDP 2014) by September 2018

Breaking Tax News: IRS to End Offshore Voluntary Disclosure Program (OVDP 2014) by September 2018

If you are a U.S. taxpayer with undisclosed foreign income, assets or accounts, pay careful attention, because this article is directed at you. On March 13, […]
February 6, 2018
When Not to Participate in the Offshore Voluntary Disclosure Program (OVDP)

When Not to Participate in the Offshore Voluntary Disclosure Program (OVDP)

The Internal Revenue Service (IRS) established the Offshore Voluntary Disclosure Program (OVDP) in 2009. The debut of the OVDP, which allowed taxpayers to mitigate civil penalties […]
December 13, 2017
Offshore Account Holders Should Consider Making a Voluntary Disclosure as Paradise Papers Are Investigated

Offshore Account Holders Should Consider Making a Voluntary Disclosure as Paradise Papers Are Investigated

If you’re a regular visitor to our tax law blog, you may have seen our prior article discussing the Paradise Papers, a mass-scale leak of roughly […]