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Day: June 9, 2014

New offshore voluntary disclosure program (OVDP) changes expected to be favorable to taxpayers

9 June, 2014

During Internal Revenue Service (IRS) Commissioner John Koskinen’s remarks at a speech before the United States Council-OECD International Tax Conference in Washington last week, he indicated that the agency is preparing a new offshore voluntary

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Swiss Banks’ Deadline to Disclose Information is Extended

9 June, 2014

The U.S. Department of Justice last Thursday issued a release stating that it extended for one month the deadline for so-called category two Swiss banks suspected of helping wealthy Americans evade taxes to turn over

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