IRS Amnesty Ends!Offshore Account Update
Posted in on August 10, 2011
Even thought the deadline for the IRS’s 2011 Offshore Voluntary Disclosure Initiative has concluded, U.S. taxpayers with undisclosed offshore accounts still have the opportunity to come forward through the IRS’s traditional Voluntary Disclosure Program.
The OVDI was the second of two opportunities for U.S. taxpayers with undisclosed offshore accounts to voluntarily come forward; however, both the IRS and Department Of Justice have made it clear that taxpayers with undisclosed offshore bank accounts will be perused by the government and possible criminal investigations.
There is still time to limit your civil and/or criminal exposure by contacting an experienced tax attorney!
The attorneys at Thorn Law Group have experience in assisting U.S. taxpayers into compliance through the 2011 IRS Voluntary Disclosure Program. If you have an undisclosed offshore account contact Thorn Law Group now before it's too late!