Common Mistakes People Make With FBAR Part 2

For many Americans, the prospect of navigating the complex world of taxes can seem like a daunting task. In 2012, the IRS implemented the open-ended Offshore Voluntary Disclosure Program (OVDP) to offer citizens the option of disclosing their foreign accounts in order to rectify any tax issues. This program can be a stressful, complex process. […]

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OVDP: Double or Nothing – The 50% Penalty Quandary

On October 15, 2015, the Internal Revenue Service updated its “facilitator” list, making the decision of whether to participate in the Offshore Voluntary Disclosure Program (OVDP) even more time sensitive.  So the question presents itself – is OVDP the right choice for me?  There are quite a few factors that taxpayers must weigh when deciding […]

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