Offshore Voluntary Disclosure Program: Advantages and Disadvantages
2012 Offshore Voluntary Disclosure Program (2012 OVDP) may offer tremendous benefits to certain types of taxpayers, but it may not be as beneficial in [...]
U.S. Engaging with More than 50 Jurisdictions to Curtail Offshore Tax Evasion
The U.S. Department of the Treasury recently announced that it is engaged with more than 50 countries and jurisdictions around the world to improve [...]
OVDI: IRS Shows Continued Progress on International Tax Non-Compliance
The Internal Revenue Service has achieved significant success in combating international tax non-compliance. The total number of voluntary disclosures up to 30,000 since 2009. [...]
OVDI Deadline Extended until September 9, 2011
Due to the potential impact of Hurricane Irene, the IRS has extended the due date for offshore voluntary disclosure initiative requests until September 9, [...]