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Tag: VDP

IRS Updated Voluntary Disclosure Practice is a Game-Changer

4 December, 2018

Last week the IRS released a memorandum with new procedures for  an “Updated Voluntary Disclosure Practice” impacting all voluntary disclosures. The new updated voluntary disclosure practice (VDP) is a game-changer for offshore voluntary disclosures for US persons

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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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Recent Posts

  • The Push to Eliminate Duplicative FBAR and Form 8938 ReportingFebruary 4, 2026
  • Unfortunate Tax Lessons from the Dr. Merchia Fraud ConvictionFebruary 3, 2026
  • The High Cost of Cash: Analyzing the $3 Million Tax Evasion Sentencing of a ContractorFebruary 2, 2026
  • Is Turbotax Reliance a Valid Defense Against IRS Penalties?January 28, 2026
  • New Proposed IRS Voluntary Disclosure Practice (VDP): FAQsJanuary 20, 2026

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