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

Posted at , in Home, IRS

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. Lehman for clarification.

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