OVDP Lawyers - IRS Voluntary Disclosure Program for Offshore Compliance FBAR & FATCA Tax Tips

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In 2018, the United States government terminated the OVDP/OVDI Offshore Voluntary Disclosure Program. The offshore voluntary disclosure program was an offshoot of the traditional Voluntary Disclosure Program (VDP). The purpose of the voluntary disclosure program is to assist US taxpayers to safely get into offshore tax and reporting compliance for prior years' noncompliance on matters involving FBAR, FATCA, and more. When a Taxpayer is unable to certify under penalty of perjury that they are non-willful –- they are ineligible for the Streamlined Filing Compliance Procedures; FBAR Reasonable Cause -- or Delinquency Procedures. Unfortunately, the internet is littered with fear-mongering websites and incorrect information about how the new OVDP program works; who is eligible for offshore voluntary disclosure -- and what impact it will have on your immigration status. Let’s review five key facts about the new OVDP Offshore Voluntary Disclosure Program:

Видео OVDP Lawyers - IRS Voluntary Disclosure Program for Offshore Compliance FBAR & FATCA Tax Tips канала Golding & Golding. Offshore Tax. Board-Certified