Over the past 5 months, the IRS has issued 52 answers to frequently asked questions regarding the IRS’ Offshore Voluntary Disclosure Program. The questions and answers provide valuable guidance into the offshore voluntary disclosure program and should be reviewed prior to making a voluntary disclosure.
Taxpayers have until October 15th to make a voluntary disclosure of foreign accounts under the IRS amnesty program.
Former IRS Attorneys at Holtz, Slavett & Drabkin are available to answer your questions about foreign bank account reporting requirements, applicable penalties, and guide you through the voluntary disclosure program. We can be reached at (310) 550-6200.
Author: Gary M. Slavett, J.D., LL.M., Former IRS Attorney