After announcing a new offshore account amnesty on February 8, 2011, the IRS began to provide more information about the program. You can read Frequently Asked Questions and Answers published by the IRS here: 2011 Offshore Voluntary Disclosure Initiative Frequently Asked Questions and Answers.
The IRS also published the forms and documents to be used in the disclosure process. You can find the documents here: 2011 Offshore Voluntary Disclosure Initiative Documents and Forms.
Former IRS Attorneys at Holtz, Slavett & Drabkin are available to discuss the 2011 Offshore Voluntary Disclosure Initiative and issues related to foreign bank accounts. We can be reached at (310) 550-6200.
Copyright (c) 2011 Igor S. Drabkin. All Rights Reserved.