IRS Issues Details on Offshore Voluntary Disclosure Program

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Saturday, September 1, 2012
Author: 
Bruce Zagaris
Volume: 
28
Issue: 
9
Abstract: 

On June 26, 2012, the Internal Revenue Service (IRS) issued details, in the form of Frequently Asked Questions and Answers (FAQs), with respect to its offshore voluntary disclosure program (OVDP).[1]



[1]               IRS, IRS Says Offshore Effort Tops $5 Billion, Announces New Details on the Voluntary Disclosure Program and Closing of Offshore Loophole, IR-2012-54, June 26, 2012; Offshore Voluntary Disclosure Program Frequently Asked Questions and Answers.