The Modified OVDP And Streamlined Procedures: A Library of Links to IRS Documents & Forms
The IRS recently made changes to the 2012 Offshore Voluntary Disclosure Program (OVDP) and expanded the 2012 Streamlined Filing Compliance Procedures. The changes are as follows: (1) OVDP • Taxpayers must submit all account statements and pay the offshore penalty at the time application to OVDP is made. • The offshore penalty will increase from 27.5% […]