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Tag: OVDP

IRS Announces New 2012 Offshore Voluntary Disclosure Program (OVDP)

9 January, 2012

The Internal Revenue Service today reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes. The IRS reopened the Offshore Voluntary Disclosure Program (OVDP) following continued strong interest

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Beware: IRS Form 8938 Statement of Specified Foreign Financial Assets

3 January, 2012

Form 8938, Statement of Specified Foreign Financial Assets, is a new reporting form. Form 8938 will be used to report certain foreign financial assets as required as part of the Hiring Incentives to Restore Employment

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