What Is The Offshore Voluntary Disclosure Program?

According to your Maryland tax attorney, the IRS uses a five step and repeat approach process in regards to OVDP. This process has been quite successful in identifying banks on the blacklist and tax haven jurisdictions. The five step process is as follows: Identify Whether it is OVDP or another type of disclosure program such […]

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Entering The Offshore Voluntary Disclosure Program

According to Accounting Today, the Internal Revenue Service is encouraging taxpayers with previously undeclared foreign bank accounts to enter into its Offshore Voluntary Disclosure Program, but there are now choices between a new streamlined version of the OVDP and the regular program that will require careful consideration and advice from your Maryland tax attorney.The program […]

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