by acceladmin | Aug 15, 2016 | Blogs, OVDP Washington DC
For many Americans, the prospect of navigating the complex world of taxes can seem like a daunting task. In 2012, the IRS implemented the open-ended Offshore Voluntary Disclosure Program (OVDP) to offer citizens the option of disclosing their foreign accounts in order...
by acceladmin | Jul 18, 2016 | Blogs, OVDP Washington DC
Before you can submit your paperwork and information to the Offshore Voluntary Disclosure Program (OVDP), you’ll need to go through a preclearance process. This process helps you in two very important ways: It tells you whether or not you are actually eligible...
by acceladmin | Jul 15, 2016 | Blogs, OVDP Washington DC
Not everyone who wants to participate in the Offshore Voluntary Disclosure Program (OVDP) is eligible for it. If you are interested in the program and would like to bring your taxes into compliance with the IRS, our OVDP lawyers in Washington D.C. can help you...
by Ashley Hayward | Jul 15, 2016 | Blogs, OVDP Washington DC
Not everyone who wants to participate in the Offshore Voluntary Disclosure Program (OVDP) is eligible for it. If you are interested in the program and would like to bring your taxes into compliance with the IRS, our OVDP lawyers in Washington D.C. can help you...
by acceladmin | Jul 8, 2016 | Blogs, OVDP Washington DC
The Offshore Voluntary Disclosure Program (OVDP) allows taxpayers in the United States to voluntarily disclose their offshore holdings and bring their taxes on those holdings up to date. So what happens if you don’t participate in this program? Potential Civil...
by acceladmin | Jan 15, 2016 | Blogs, OVDP Washington DC
If you have undisclosed offshore accounts or assets, and choose not to participate in the Offshore Voluntary Disclosure Program (OVDP), you could be facing serious penalties, both civil and criminal, if the IRS chooses to examine your accounts. If you are worried...