This prominence is no more clearly illustrated than by the IRS's announcement of the new indefinite voluntary disclosure program
, a move that places continued public pressure on United States citizens with foreign accounts to come into compliance through a specific, clearly marked door.
Jon also works with clients to correct improperly reported offshore arrangements, navigate through the Offshore Voluntary Disclosure Program
, and other IRS programs.
New York, NY, September 18, 2015 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Allen Sullivan, Partner, Burr & Forman LLP will speak at the Knowledge Group's webcast entitled: "Offshore Voluntary Disclosure Program
(OVDP): An Update Live Webcast." This event is scheduled for October 28, 2015 from 10:00 AM - 12:00 PM (ET).
Problems remain with IRS offshore voluntary disclosure program
Justice Department of the foreign appeal, WI WC flu ely1 I CIppCdl, the IRS said the taxpayer will no longer be eligible for the Offshore Voluntary Disclosure Program
Like the 2009 voluntary disclosure program
, the 2011 initiative is designed to bring money held in foreign accounts back into the U.S.
will speak at the Knowledge Congress' webcast entitled: "Offshore Voluntary Disclosure Program
(OVDP) : An Update Live Webcast." This event is scheduled for October 28, 2015 from 10:00am - 12:00pm (ET).
* IRS clarifies changes to offshore voluntary disclosure program
. In conjunction with its announcement of changes to the Offshore Voluntary Disclosure Program
(OVDP), the IRS has issued a series of revised frequently asked questions (FAQ) providing more detailed guidance and issuing transition rules for current participants who meet the eligibility requirements for the expanded streamlined filing compliance procedures.
June 7: Foreign Information Tax Returns and the IRS Offshore Voluntary Disclosure Program
This agreement was in lieu of all other penalties that the IRS could have assessed in its normal voluntary disclosure program
(i.e., civil fraud penalties, FBAR penalties, Form 5320 penalties), which could possibly result in the confiscation of the entire foreign account(s).
As such, taxpayers are urged to come forward via the Voluntary Disclosure Program
(VDP) to avoid criminal prosecution and the more stringent penalties associated with forced compliance.
Levy also advises clients on FBAR and FATCA compliance issues, including participation in the Offshore Voluntary Disclosure Program