IRS announces major modification regarding the Offshore Voluntary Disclosure Procedure (OVDP)

The new IRS modifications are very significant. The new Internal Revenue Service ruling greatly reduces offshore voluntary disclosure procedure for Americans with un-reported foreign bank accounts. The IRS Announcement can be found here: http://www.irs.gov/Individuals/International-Taxpayers/Streamlined-Filing-Compliance-Procedures It is absolutely critical to understand these important IRS changes, please contact tax attorney Richard S.[…]