Tax Lawyer > Blog > Domestic Tax Planning > IRS just announced major modification regarding the Offshore Voluntary Disclosure Procedure (OVDP)
IRS just announced major modification regarding the Offshore Voluntary Disclosure Procedure (OVDP)
These new IRS modifications are very significant.
It is absolutely critical to understand these important IRS changes, please contact veteran tax attorney Richard S. Lehman Esq., today. The new Internal Revenue Service ruling greatly reduces offshore voluntary disclosure procedure for Americans with un-reported foreign bank accounts.
New IRS Announcement can be found here: http://www.irs.gov/Individuals/International-Taxpayers/Streamlined-Filing-Compliance-Procedures
U.S. Taxpayers Residing in the United States
- The following streamlined procedures are referred to as the Streamlined Domestic Offshore procedures and can be found here: http://www.irs.gov/Individuals/International-Taxpayers/U-S-Taxpayers-Residing-in-the-United-States
U.S. Taxpayers Residing Outside the United States
- The following streamlined procedures are referred to as the Streamlined Foreign Offshore Procedures and can be found here: http://www.irs.gov/Individuals/International-Taxpayers/U-S-Taxpayers-Residing-Outside-the-United-States
Updated Offshore Voluntary Disclosure Program Frequently Asked Questions
- The IRS’s Offshore Voluntary Disclosure Program Frequently Asked Questions and Answers can be found here: http://www.irs.gov/Individuals/International-Taxpayers/Offshore-Voluntary-Disclosure-Program-Frequently-Asked-Questions-and-Answers-2012-Revised
All IRS Tax Information For International Businesses can be found here: http://www.irs.gov/Businesses/International-Businesses
