IRS Ends Offshore Voluntary Disclosure Program

The Internal Revenue Service has announced the end of the Offshore Voluntary Disclosure Program (OVDP).  The deadline for full and final submissions has been announced as 28 September 2018. The OVDP program has been around in one form or another since 2009. It is...

National Taxpayer Advocate Annual Report

On the subject of taxpayer advocacy, the National Taxpayer Advocate delivered it’s annual report to Congress last week. Which actually turns out to be quite an eye-opener for a number of reasons. The report’s number one recommendation was the need for tax...

Offshore Voluntary Disclosure Initiative

Just as a footnote to the delay in the FATCA effective due date, I note no word from the IRS about an extension to the Offshore Voluntary Disclosure Initiative (OVDI). This is currently set to expire on August 31, 2011. If you are unsure about what this means for you,...
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