On January 9, 2012 the IRS reopened the Offshore Voluntary Disclosure Program “OVDP”. You should exercise caution when considering whether to enter OVDP. During the last year I have written a number of posts about OVDI and OVDP.
Here are some selected updates.
#americansabroad can't use streamlined process to become compliant. Does the IRS really want tax + #FBAR compliance? isaacbrocksociety.ca/2012/09/01/new…—
U.S. Citizen Abroad (@USCitizenAbroad) October 15, 2012
To #OVDP or to not #OVDI . #offshore ? In terms of compliance and #FBAR counseling – Not all lawyers are the same! isaacbrocksociety.ca/2012/01/28/the…—
U.S. Citizen Abroad (@USCitizenAbroad) October 15, 2012
24 months into #OVDP and a person had first contact from agent last month isaacbrocksociety.ca/2012/10/11/are… – Don't know why she can't just file #FBAR—
U.S. Citizen Abroad (@USCitizenAbroad) October 14, 2012
#americansabroad in Canada: #RRSP PLRs are now dealt with in #OVDI or new streamlined procedures isaacbrocksociety.ca/2012/10/11/are…—
U.S. Citizen Abroad (@USCitizenAbroad) October 14, 2012
IRS imposes cruel and unusual punishment on #americansabroad who are trying to comply with tax + #FBAR laws. isaacbrocksociety.ca/2012/10/11/are…—
U.S. Citizen Abroad (@USCitizenAbroad) October 14, 2012
