March 25, 2014

2011 OVDI Process

Q22: Can my representative talk to the IRS without revealing my identity? A22: Yes, but hypothetical situations present a potential for misunderstanding that exists when there […]
March 25, 2014

Eligibility For This Initiative

Q12: Who is eligible to make a voluntary disclosure under this initiative? A12: Taxpayers who have undisclosed offshore accounts or assets are eligible to apply for […]
March 25, 2014

2012 OVDI program vs. the voluntary disclosure practice

Similar to the 2009 and 2011 OVDI, this program addresses the civil side of a taxpayer’s voluntary disclosure of foreign accounts and assets. It also defines […]
March 25, 2014

Why did the IRS announce the 2012 OVDI at this time?

The IRS announced a new initiative on June 26th, 2012 to further enforce timely compliance of U.S federal income tax returns, and also Reports of Foreign […]
March 25, 2014

2012 Offshore Voluntary Disclosure Initiative Objectives

The IRS has been completely reorganized around the perception that a large portion of the tax gap, the difference between tax dollars collected and the estimate […]