Offshore Voluntary Disclosure Part III -- Yet Another Last Chance for Taxpayers

January 11, 2012  |  The Insider: White Collar Defense and Securities Enforcement

The IRS just announced plans to reopen its Offshore Voluntary Disclosure Program (the “OVDP”) giving taxpayers a third “last” chance to come clean with their previously undisclosed offshore accounts. While the IRS’s two previous programs generated 33,000 disclosures and $4.4 billion in revenues, it is reasonable [...]

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