2011 OVDI letter – How to make a Voluntary Disclosure?

The 2011 Offshore Voluntary Disclosure Initiative (OVDI) is offered to those taxpayers with offshore accounts or assets. Please follow the new process outlined below. Pre-Clearance: Taxpayers or representatives may fax to the IRS Criminal Investigation Lead Development Center. IRS Criminal Investigation will then notify taxpayers or their representatives via fax whether or not they have […]

Second Special Voluntary Disclosure Initiative for Offshore Assets (through Aug. 31, 2011)

The Internal Revenue Service announced a special voluntary disclosure initiative designed to bring offshore money back into the U.S. tax system and help people with undisclosed income from hidden offshore accounts get current with their taxes. The new voluntary disclosure initiative will be available through Aug. 31, 2011. “As we continue to amass more information […]