The IRS closed the 2014 Offshore Voluntary Disclosure Program in September of 2018, leaving taxpayers with unreported foreign accounts with fewer disclosure options. In November…
The Risks of a Quiet Disclosure of Offshore Accounts
Taxpayers who have offshore accounts and failed to file their Foreign Bank Account Reports (FBARs) have a few different options: They can do nothing and…
Did You Miss Your Chance to Use Offshore Voluntary Disclosure?
The IRS ended the Offshore Voluntary Disclosure Program (OVDP) in September of 2018. After several years of offering the OVDP and heightened awareness of offshore…
The IRS Has Closed the Offshore Voluntary Disclosure Program
As of September 28, 2018, the IRS has officially closed the Offshore Voluntary Disclosure Program (OVDP). Taxpayers no longer have the option to escape criminal…
How to Avoid Expat Tax Problems
While many countries don’t tax citizens who live and work overseas, the United States does not offer this treatment to expatriates. As long as you…