Posts Tagged ‘offshore tax defense’

The Offshore Voluntary Disclosure Initiative (OVDI)

Wednesday, August 3rd, 2011

I guest blogged on the CafeTax blog about FBAR Amnesty & The Offshore Voluntary Disclosure Initiative (OVDI).  With the amnesty deadline coming up August 31st, I wanted to educate more people who hold foreign bank accounts that they must disclose these accounts to the IRS.
As I shared in my blog post, the headlines in the past few years have reflected the increased scrutiny of such accounts by the IRS and
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Will You Need Tax Relief? IRS Focuses on Offshore Tax Evasion – Wealthy Individuals, International and Multinational Corporations Under Scrutiny

Thursday, August 19th, 2010

After news broke last fall that the Swiss Bank, UBS was under attack for hosting undeclared, offshore accounts and holding seminars educating Americans on “overseas tax reduction strategies”, the Internal Revenue Service has now devoted a specific department focusing on individuals worth $10 million or more in assets, Multinational and International corporations participating in transfer pricing among other avenues potentially evading millions of U.S. tax dollars every year.  Anyone that
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