Less Than One Week for Undisclosed Offshore Account Holders to Take Advantage of the Amnesty ProgramOffshore Account Update
Posted in on August 8, 2011
U.S. taxpayers with undisclosed offshore accounts have less than a week to take advantage of the IRS’s 2011 Offshore Voluntary Disclosure Initiative (OVDI). The deadline for entering the “amnesty” program is Friday, September 9, 2011. The OVDI may likely be the last opportunity for U.S. taxpayers with undisclosed offshore accounts to benefit from pre-determined penalties and reduced criminal exposure, but only if the taxpayer comes forward before the deadline.
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!