JD Supra

What is the IRS Offshore Voluntary Disclosure Program?

What is the IRS Offshore Voluntary Disclosure Program and who is it designed to help? What are the guidelines for voluntary disclosure to the IRS and who is eligible to apply? The IRS Offshore ...
JD Supra

US Taxpayers and Expatriates May Need to File Offshore Disclosures and FBARs

How many U.S. taxpayers and expatriates may need to file offshore disclosures and FBARs with the IRS? Should those who have not yet filed a disclosure application utilize the VDP (Voluntary Disclosure ...
Cleveland.com

IRS Says Offshore Effort Tops $5 Billion, Announces New Details on the Voluntary Disclosure Program and Closing of Offshore Loophole

WASHINGTON — The Internal Revenue Service today announced that its offshore voluntary disclosure programs have exceeded the $5 billion mark and released new details regarding the voluntary disclosure ...
Reuters

Israeli bank nudges U.S. clients toward IRS tax disclosure program

(Reuters) - Bank Leumi, the largest commercial bank in Israel, has urged U.S. clients to disclose information about their accounts to U.S. authorities, who are investigating Leumi and many other ...
Financial Advisor

IRS Reopens Voluntary Disclosure Program For Offshore Assets

(Bloomberg News) The U.S. Internal Revenue Service is reopening a program that allows citizens to voluntarily disclose assets they are holding offshore. The agency said it has collected $4.4 billion ...