IRS Increasing Referrals to Criminal Investigation Unit

Don Fort, Chief of the Internal Revenue Service (IRS) Criminal Investigation Division (CID) recently announced that efforts are underway to increase the number of criminal tax investigations conducted by CID. Speaking at the annual tax controversy fo...

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 to End Offshore Voluntary Compliance Program September 28, 2018

On September 4, 2018, the Internal Revenue Service issued a reminder that taxpayers with undisclosed foreign financial assets have until September 28, 2018, to file a disclosure under the Offshore Voluntary Disclosure Program (OVDP).   The OVDP la...

IRS OVDP To Shut Down in September

The IRS has announced that it will shut down the Offshore Voluntary Disclosure Program (OVDP) on September 28, 2018. The OVDP, which started in 2009, allows taxpayers to voluntarily disclose offshore bank accounts and assets that were not originally...