U.S. Taxpayers Living Abroad: the 2014 Streamlined Foreign Offshore Procedures For taxpayers living outside the United States, the 2014 OVDP rules bring significant changes to the streamlined program that was available under the 2012 program.  Under ... Read More

2014 STREAMLINED OVDP (OVDI) VOLUNTARY DISCLOSURE OPTION Under the 2012 OVDP programs, and prior OVDI programs, there was a streamlined procedure that allowed for a complete waiver of all offshore penalties, but was only available to ... Read More

IRS ANNOUNCES 2014 OVDP (OVDI): MAJOR CHANGES TO THE OFFSHORE VOLUNTARY DISCLOSURE PROGRAM One June 3rd, 2014, IRS commissioner John Koskinen acknowledged the substantial burdens faced by non-willful violators and announced that significant changes were imminent. Within ... Read More

With Quiet Disclosures Under Fire, Consider Opting-Out of OVDI/OVDP (Qualified Quiet Disclosure)? In the past, the IRS has been lenient with taxpayers that file FBARs and other tax returns past the due dates through quiet disclosures, ... Read More

AMERICANS IN CANADA: CAN YOU QUALIFY FOR THE STREAMLINED OVDP? The New Streamlined Offshore Voluntary Disclosure Program In an action that many interpret as (partial) recognition of the complexity of the Internal Revenue Code, the Internal ... Read More