IRS Announces End of Offshore Voluntary Disclosure Program

By Julia Thomas | March 27, 2018

The IRS announced that the Offshore Voluntary Disclosure Program (OVDP) will end on September 28, 2018. OVDP provides a way for taxpayers who have undisclosed foreign income and assets to come into compliance with U.S. Tax and other laws. The OVDP provides taxpayers with a safe harbor from criminal prosecution and streamlines civil penalties provided…

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Swiss Adopt Banking Protocol Allowing U.S. to Request Information

By Julia Thomas | March 30, 2012

On March 5, the Swiss parliament adopted an amended ratification of the 2009 Protocol to the Swiss-US Income Tax Treaty. The protocol was signed by United States and Swiss tax officials on September 23, 2009 to allow a greater tax information exchange between the countries in the aftermath of the UBS tax evasion controversy and…

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