OVDI: Is the IRS Playing Fair?
A Message From Uncle Sam to Taxpayers Who Have Undisclosed Foreign Bank Accounts: The Clock Is Ticking Since 2009, the IRS has offered taxpayers with undisclosed foreign financial accounts the opportunity to “come clean” under its Offshore Voluntary Disclosure Initiative (OVDI). According to the IRS, more than 38,000 U.S. taxpayers have entered the program. They […]