The IRS recently released additional information on the 2011 Offshore Voluntary Disclosure Initiative (OVDI) in the form of an update to their Frequently Asked Questions. These additions include: 1. 90 day extension of the deadline beyond August 31, 2011 – Request for extension must include a statement of those items that are missing, the reasons [...]
On Tuesday, February 8th, the Internal Revenue Service announced that it will be offering another chance for taxpayers with foreign accounts to get in compliance with federal tax law. Under the 2011 Offshore Voluntary Disclosure Initiative, taxpayers have until August 31, 2011 to disclose offshore assets and income to the IRS. While the terms of [...]
IRS Extension As a quick update last blog entry on the IRS voluntary disclosure program. The IRS has extended the deadline of the program to October 15 th, 2009. So if you have yet to report your overseas accounts there is still time to do so! Posted 09/22/09