» Streamlined Filing Compliance Procedures

A letter from the IRS.

What to Do if You Receive a Soft Letter from the IRS

March 28th, 2019
Posted By
Joseph R. Viola
Enforcement at the IRS is getting tighter. Now that the Offshore Voluntary Disclosure Program is closed, taxpayers with foreign financial accounts are facing the possibility of higher penalties and tighter scrutiny of their offshore assets. One metho… Read More
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Categories: FBAR, IRS Audits, Streamlined Filing Compliance Procedures
OVDP or Streamlined Voluntary Disclosure

OVDP or Streamlined: Which Voluntary Disclosure Procedure Should You Use?

November 29th, 2016
Posted By
Joseph R. Viola
The IRS recently encouraged U.S. taxpayers to come clean about unreported foreign financial assets and income. The agency offered up two voluntary disclosure procedures to save non-compliant taxpayers from steep penalties and criminal prosecutions. B… Read More
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Categories: OVDP, Streamlined Filing Compliance Procedures
Disclose Offshore Bank Accounts Before 2017

Get Your Offshore Account Voluntary Disclosures Resolved Before Year End

November 18th, 2016
Posted By
Joseph R. Viola
If you are one of the thousands of American taxpayers with offshore financial accounts, the idea of not being in compliance with IRS reporting requirements may make your hair stand on end. You don’t have to live in fear of an audit. Find out ho… Read More
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Categories: OVDP, Streamlined Filing Compliance Procedures