IRS ANNOUNCES THIS SEPTEMBER END TO OFFSHORE DISCLOSURE PROGRAM

The offshore disclosure program instituted by the IRS many years ago allowing expatriates to catch up on the filing of tax returns and foreign asset and bank account reporting  forms is ending in

September. The benefit of the program is that it allows taxpayers to avoid some very high penalties and in most cases criminal prosecution. After that date in September, it is likely US expatriates who have not been filing will have to pay high penalties and are in more serious risk of criminal prosecution.

To read more about the IRS Voluntary Offshore disclosure program click here.

To read more about the end of this beneficial program click here.

The program is complex and most expatriates need assistance with the forms, tax returns, and entering the program. We have assisted over 200 clients enter the program. If you have questions email us at ddnelson@gmail.com.  We are attorneys and everything you tell us is subject to absolute attoreny client privilege. There is an alternative streamlined program that you may also qualify for depending on your factal circumstances.