Are You Still Holding Back From Going Into OVDP? If So You Better Not Be With A Foreign Bank On IRS “Bank And Promoter List”
The Offshore Voluntary Disclosure Program (OVDP) is a voluntary disclosure program specifically designed for taxpayers with exposure to potential criminal liability and/or substantial civil penalties due to a willful failure to report foreign financial assets and pay all tax due in respect of those assets. OVDP is designed to provide to taxpayers with such exposure […]