by acceladmin | Jul 13, 2016 | Blogs, OVDP Bethesda
If you are interested in participating in the Offshore Voluntary Disclosure Program (OVDP), you are probably wondering what you’ll need to bring to the table in order to come into compliance with U.S. tax law. Our OVDP lawyers in Bethesda can help you get all of...
by acceladmin | Jul 1, 2016 | Blogs, OVDP Bethesda
What’s the Goal of the OVDP? The Offshore Voluntary Disclosure Program (OVDP) allows people to disclose their offshore assets and bring them up to date with the Internal Revenue Service without facing prosecution or additional fines or jail time. It gives...
by acceladmin | Dec 15, 2015 | Blogs, OVDP Bethesda
As of 2012, the IRS has updated their Offshore Voluntary Disclosure Program (OVDP), making the process more efficient and thus encouraging more taxpayers to come forward. Because the old process is still in effect as well, this newer development gives citizens with...
by Ashley Hayward | Nov 11, 2015 | Blogs, OVDP Bethesda
The penalties have always been steep for tax evasion in the United States. With the fairly recent Offshore Voluntary Disclosure Program (OVDP) from the IRS, there is an option to reduce penalties by filing for the reporting of offshore accounts. Through the OVDP,...
by acceladmin | Oct 23, 2015 | Blogs, OVDP Bethesda, OVDP Washington DC
On October 15, 2015, the Internal Revenue Service updated its “facilitator” list, making the decision of whether to participate in the Offshore Voluntary Disclosure Program (OVDP) even more time sensitive. So the question presents itself – is OVDP the right choice...
by acceladmin | Aug 14, 2015 | Blogs, OVDP Bethesda
Offshore Voluntary Disclosure Program (OVDP, also was called the Offshore Voluntary Disclosure Initiative – OVDI) was established in 2009 in an effort to eliminate tax evasion from those who invest in offshore accounts. While the program has been modified many...
