IRS Reminder – Offshore Voluntary Compliance Program (OVDP) Ends September 28, 2018

The IRS recently released a reminder that taxpayers have until September 28, 2018 to apply for the OVDP. While the Streamlined Filing Offshore Procedure (SFOP), Streamline Domestic Offshore Procedures (SDOP) and Delinquent International Information Return (DIIR) programs remain open, the OVDP is the only program to reduce penalties and avoid potential criminal sanctions for persons…

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