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OVDP

July 1, 2020
What Do the Paradise Papers Reveal About Offshore Tax Havens?

2020 Updates to the IRS OVDP (Voluntary Disclosure) Program

Each year, thousands of Americans utilize foreign bank or financial accounts and employ foreign income-generating assets. Just because these assets are in a foreign country, however, […]
November 19, 2018
How can an IRS Innocent Spouse Relief Claim or Domestic Voluntary Disclosure Programs help me where tax fraud is discovered or suspected during my divorce?

How can an IRS Innocent Spouse Relief Claim or Domestic Voluntary Disclosure Programs help me where tax fraud is discovered or suspected during my divorce?

How can an IRS Innocent Spouse Relief Claim or Domestic Voluntary Disclosure Programs help me where tax fraud is discovered or suspected during my divorce? Most […]
August 6, 2018
Swiss Bank Gives Up More Names of American Customers, Faces Increased Penalties

Swiss Bank Gives Up More Names of American Customers, Faces Increased Penalties

The Foreign Bank Account Reporting laws (FBAR) require U.S. residents to report, on an annual basis, accounts held at foreign financial institutions if such account’s high […]
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 […]