Michael DeBlis III, Esq, LLM, Partner at DeBlis Law is a recognized expert in OVDP, an area of tax law dealing with taxpayers who may not have properly disclosed offshore accounts to the US government. In recent years, countries formally known for not disclosing foreign holdings (such as Switzerland) have begun to work with the US government and have started notifying account holders that the names of account holders will be released. In 2009, the US Government created the Offshore Voluntary Disclosure Program (OVDP) in order to provide a non-criminalized way for taxpayers in violation of the requirements to disclose offshore accounts and entities a way to resolve the issue.
0 Flares 0 Flares ×
Get This Ebook
Know all the hidden secrets to deal with IRS
We believe in sharing the information! Plus, you'll receive our exclusive email newsletter, where we promise to deliver actionable advice - straight to your inbox. Just enter your email address below!