The New DIIRSP: I like the old better

- By : Parag Patel

…The new DIIRSP fails on both counts. I like the old DIIRSP better. Taxpayers should now cautiously enter the DIIRSP only under the right (and favorable) circumstances. For taxpayers who…

IRS Revises Delinquent International Information Return Submission Procedure (DIIRSP)

- By : Parag Patel

The IRS revised its Delinquent International Information Return Submission Procedure (DIIRSP) last week. The DIIRSP provided an alternative 0% penalty voluntary disclosure process to taxpayers other than the Offshore Voluntary…

Details of the Delinquent International Information Return Submission Procedures (DIIRSP)

- By : Parag Patel

…a fact specific submission, which is based on each applicant’s facts and circumstances. A taxpayer may utilize DIIRSP if the taxpayer has not filed one or more required international information…

Foreign Proprietorship: Form 8858 Filing Requirement

- By : Parag Patel

…are disqualified from using this procedure. We have used the DIIRSP for hundreds of clients to solve their tax problems.  Contact our office to learn more about the DIIRSP procedure….

New Comments on the IRS Voluntary Disclosure Program

- By : Parag Patel

…as the Delinquent International Information Return Submission Procedures (“DIIRSP”). The Amended Notice observes that the VDP and the SFCP offer “two very different compliance paths to two very different populations…