Search Results for: sdop
New IRS guidance Announced for IRS Streamlined Offshore Procedures.
- By : Parag Patel
…file under the Streamlined Domestic Offshore Procedures (SDOP) or the Streamlined Foreign Offshore Procedures (SFOP). Our firm has recently received many inquiries regarding these new IRS Streamlined Offshore Procedures. These…
Watch Out for Letters From Your Foreign Bank Requesting Information On Your U.S. Residency
- By : Parag Patel
…large penalty or face criminal prosecution. We often recommend that U.S. taxpayers with undisclosed overseas accounts enter into the IRS’s new Streamlined Program (SDOP or SFOP) or Offshore Voluntary Disclosure…
New Comments on the IRS Voluntary Disclosure Program
- By : Parag Patel
…(“SDOP”), and the Streamlined Foreign Offshore Program (“SFOP”). In the past we co-authored the ABA comments, this year we did not but the comments are very constructive. It is hoped…