The IRS just revised and released new guidance on its 2012 Offshore Voluntary Disclosure Program Initiative. The revised guidance is located HERE. Read this article from the Journal of Accountancy which explains in general some of the revised guidelines for entering the program and another new program starting 9/1/12 for those who owe little taxes, live abroad, and did not know about filing US tax returns or Foreign Financial Account Reporting Forms (TDF 90-22.1)
We have advised and/or represented over one hundred clients in connection with these programs with great success.
We have advised and/or represented over one hundred clients in connection with these programs with great success.
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