IRS Announces Changes for the Offshore Voluntary Disclosure Program

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Since you may read, the Irs (“IRS”) lately announced changes to the offshore voluntary disclosure programs and announced new choices for taxpayers in the future into compliance using their U.S. tax obligations.

This alert summarizes a few of the significant modifications designed to this program and summarizes the brand new, expanded Streamlined Filing Compliance Procedures Program, that is available these days for taxpayers who formerly filed U.S. tax statements as well as for taxpayers who live in the U.S. (as lengthy because the other eligibility needs are satisfied).

Please visit full Alert below to learn more.

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