Morvillo Abramowitz Partner Jeremy Temkin Quoted in Law360

August 14, 2015

On August 14, 2015, Morvillo Abramowitz partner Jeremy Temkin was quoted in a Law360 article, “Willfulness Key In IRS Exams Of Offshore Account Disclosures.” The article discusses the expansion of the IRS’s offshore voluntary disclosure program (OVDP) to provide streamlined procedures for declaring income in foreign financial accounts for taxpayers whose noncompliance with tax rules was not willful. In the article, Mr. Temkin states that taxpayers “wishing to declare offshore accounts understandably want to choose the streamlined program because it saves them a lot of money compared with other options, but it is an attorney's job to determine if that is appropriate.”