Category: OVDI Offshore Voluntary Disclosure Initiative
2011 Offshore Voluntary Disclosure Initiative – Submission Requirements
Copies of previously filed original (and, if applicable, previously filed amended) federal income tax returns for tax years covered by the voluntary disclosure. Complete and accurate amended federal income tax returns (for individuals, Form 1040X, or original Form 1040 if delinquent) for all tax years covered by the voluntary disclosure, with applicable schedules detailing the
OVDI – 2011 Offshore Voluntary Disclosure Initiative – Frequently Asked Questions and Answers
What are some of the civil penalties that might apply if I don’t come in under voluntary disclosure and the IRS examines me? How do they work? Depending on a taxpayer’s particular facts and circumstances, the following penalties could apply: A penalty for failing to file the Form TD F 90-22.1 (Report of Foreign Bank
2011 OVDI letter – How to make a Voluntary Disclosure?
The 2011 Offshore Voluntary Disclosure Initiative (OVDI) is offered to those taxpayers with offshore accounts or assets. Please follow the new process outlined below. Pre-Clearance: Taxpayers or representatives may fax to the IRS Criminal Investigation Lead Development Center. IRS Criminal Investigation will then notify taxpayers or their representatives via fax whether or not they have
