Common Mistakes People Make With FBAR Part 2

How Preclearance Helps You Prepare

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...
Common Mistakes People Make With FBAR Part 2

The Dangers of Not Complying With OVDP

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...