IRS Announces Updated Disclosure Procedures

On November 29, 2018, the Internal Revenue Service (IRS) unveiled its updated Voluntary Disclosure Program, following the conclusion of the Offshore Voluntary Disclosure Program (OVDP) on September 28, 2018.  The new procedures are effective for all...

IRS Focus On Offshore Tax Non-Compliance

The Internal Revenue Service (IRS) has been ineffective in its collection of unpaid taxes from international U.S. taxpayers, according to a report published on September 30 by the Treasury Inspector General for Tax Administration (TIGTA). The report...