{"id":1106,"date":"2014-10-10T15:23:45","date_gmt":"2014-10-10T20:23:45","guid":{"rendered":"http:\/\/www.patellawoffices.com\/blog\/?p=1106"},"modified":"2014-10-10T15:23:45","modified_gmt":"2014-10-10T20:23:45","slug":"ovdp-new-forms-announced-by-irs-2","status":"publish","type":"post","link":"https:\/\/patellawoffices.com\/blog\/planning-for-tax-minimization\/ovdp-new-forms-announced-by-irs-2\/","title":{"rendered":"OVDP New Forms Announced by IRS"},"content":{"rendered":"<p>The IRS has simplified the process of entering the OVDP Program by issuing the following forms:<\/p>\n<p>Form 14457 \u2013\u00a0<a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f14457.pdf\"><strong>Offshore Voluntary Disclosure Letter<\/strong><\/a><\/p>\n<p>Form 14454 &#8211;\u00a0<a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f14454.pdf\"><strong>Offshore Voluntary Disclosure Program Letter Attachment<\/strong><\/a><\/p>\n<p>The new forms (the old forms were simple Word documents) will likely standardize the IRS\u2019 review process for OVDP eligibility, guide the IRS examiner in OVDP \u201cissue spotting\u201d, and assist in the identification of offshore promoters or facilitators.<\/p>\n<p>While process improvement is needed to improve the IRS\u2019 processing of OVDP applications,<\/p>\n<p>In spite of the standardization of the forms, careful drafting and legal advocacy of a taxpayer\u2019s particular circumstances are still recommended for a favorable result.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IRS has simplified the process of entering the OVDP Program by issuing the following forms: Form 14457 \u2013\u00a0Offshore Voluntary Disclosure Letter Form 14454 &#8211;\u00a0Offshore Voluntary Disclosure Program Letter Attachment The new forms (the old forms were simple Word documents) will likely standardize the IRS\u2019 review process for OVDP eligibility, guide the IRS examiner in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_daextam_enable_autolinks":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[23,24,64,63,25,26,86,27],"class_list":["post-1106","post","type-post","status-publish","format-standard","hentry","category-planning-for-tax-minimization","tag-fbar","tag-foreign-account","tag-opt-out","tag-ovdi","tag-penalties-and-interest","tag-sdop","tag-sfop","tag-voluntary-disclosure"],"_links":{"self":[{"href":"https:\/\/patellawoffices.com\/blog\/wp-json\/wp\/v2\/posts\/1106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/patellawoffices.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/patellawoffices.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/patellawoffices.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/patellawoffices.com\/blog\/wp-json\/wp\/v2\/comments?post=1106"}],"version-history":[{"count":0,"href":"https:\/\/patellawoffices.com\/blog\/wp-json\/wp\/v2\/posts\/1106\/revisions"}],"wp:attachment":[{"href":"https:\/\/patellawoffices.com\/blog\/wp-json\/wp\/v2\/media?parent=1106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/patellawoffices.com\/blog\/wp-json\/wp\/v2\/categories?post=1106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/patellawoffices.com\/blog\/wp-json\/wp\/v2\/tags?post=1106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}