IRS Reopens Offshore Voluntary Disclosure Program

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Author: 

Bruce Zagaris

Date Published: 

Thursday, March 1, 2012

Volume: 

28

Issue: 

3

Subject Areas: 

Tax Enforcement
Tax Havens
Taxation

Geographic Identifier: 

United States

Abstract: 

 

   On January 9th, the Internal Revenue Service issued a press release on the reopening of the Offshore Voluntary Disclosure Program (OVDP).[1] Unlike the previous two programs, the new initiative will be open indefinitely.