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 [...]