Tag: OVDP

OVDP Program (Offshore Voluntary Disclosure Program): More News for International Tax

Filed in CPA Blog by on June 14, 2014

We get many, many inquiries on the OVDP (Offshore Voluntary Disclosure Program). Under this program the IRS allows allows taxpayers to disclose unreported income from undisclosed foreign accounts and other foreign assets. The program isn’t just for “tax evaders.” Many taxpayers unknowingly violate federal tax laws by failing to report income from foreign accounts or assets. […]

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FAQs (Questions and Answers) on OVDP (Offshore Voluntary Disclosure Program)

Filed in CPA Blog by on April 28, 2013

April 29, 2013. Executive Summary. With San Francisco an International city, we have many inbound requests for help with the ‘OVDP’ or ‘Offshore Voluntary Disclosure Program.’ This program, of course, has to do with the disclosure of foreign-based assets by US residents. Because of continued strong interest from taxpayers and tax practitioners alike, the IRS […]

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