#OVDP #Streamlined #Quietdisclosure – Is the past a predictor of the future?

Those who went into #OVDP treated more harshly than those who waited for #Streamlined, etc. http://t.co/1eWZEoSH9N – What's the message? — U.S. Citizen Abroad (@USCitizenAbroad) August 5, 2014 A recent post described the unequal treatment under OVDP – that is the reality that “minnows” who entered the program paid proportionately more than “whales” (who the program […]

SOME SWISS BANKS ARE MORE THAN ENCOURAGING U.S. CLIENTS TO ENTER THE OVDP – THEY ARE OFFERING FINANCIAL INCENTIVES

Originally posted on The Tax Wars Blog:
An article in the Wall Street Journal on July 19, 2014 by John Letzing (“Taxpayers Get Incentives to Report: Swiss Banks Aim to Entice Americans to Disclose Accounts to IRS by Helping Cover Costs, Penalties”), reveals what many professionals have known for a while.  Some Swiss Banks are…

IRS FBAR OVDP Opt-Out Interview Questions Revealed !

Originally posted on TAXLITIGATOR – Tax Controversy (Civil & Criminal) Report:
For more than a year, numerous taxpayers with previously undisclosed interests in foreign financial accounts and assets have been seeking participation in the current IRS offshore voluntary disclosure program (the OVDP) which began in 2012, modeled after similar programs in 2009 and 2011. Taxpayers…

Most Swiss banks considering #OVDP should NOT consider #Wegelin in their decision

2012 – Wegelin – Sowing The Seeds of U.S. Terror Wegelin's Fall to Tax-Haven Poster Child http://t.co/MgsdWsERwm – thought it was out of the reach of US bc it had no branches in the U.S. — U.S. Citizen Abroad (@USCitizenAbroad) December 14, 2013 This article includes: Two months ago, Wegelin pleaded guilty, even though it […]

And the #OVDP for Swiss banks news keeps coming

Switzerland Urges Banks to Meet U.S. Disclosure Deadline http://t.co/jK06WAwX3O via @BloombergNews Why do they take the All guilty approach? — Marvin Van Horn (@FATCA_Fallout) December 9, 2013 Swiss gov't faces heat over "US Programme" (update) http://t.co/hWLw3pKGW3 – 13 banks under investigation can't join #OVDP, why would others — U.S. Citizen Abroad (@USCitizenAbroad) December 10, 2013 […]