Offshore Account Disclosure Basics – Part 2: The IRS’ 2012 Offshore Voluntary Disclosure Program (OVDP)

Reader's note: the Offshore Voluntary Disclosure Program closed in September 2018.  Individuals considering a voluntary disclosure of foreign account or asset noncompliance to the IRS should consider options including the Streamlined Foreign Offshore Procedures, the Streamlined Domestic Offshore Procedures, or (less-commonly) a non-program disclosure arguing...

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Swiss Banks Are Cooperating With the IRS in Disclosing Their US Accountholders. Act Before June 30, 2014 to Get Tax Amnesty and Avoid Huge Civil Penalties and Criminal Prosecution

If you are a US citizen, permanent resident or tax resident and your Swiss bank has requested that you disclose your account on the US Foreign Bank Account Report (FBAR) - or has requested information on your past or present US tax compliance - you...

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