For the First Time IRS Issues Information on 2011 Offshore Voluntary Disclosure Initiative (OVDI) in Hindi Language

- By : P. Patel

In an effort to reach all taxpayers, including those ensnared in the pending HSBC subpoena to disclose customer names of non-resident indian customers with offshore accounts, the IRS has published its OVDI materials in Hindi. मीिडया सम्बन्ध कायार्लय वािशंगटन, डी.सी. मीिडया सम्पकर् : 202.622.4000 www.IRS.gov/newsroom लोक सम्पकर् : 800.829.1040 ःवैिच्छक खुलासे की दूसरी िवशेष पहल

2011 Offshore Voluntary Disclosure Initiative (OVDI)

- By : P. Patel

On February 8, 2011, the IRS announced the 2011 Offshore Voluntary Disclosure Initiative (OVDI), designed to bring offshore money back into the U.S. tax system and help people with undisclosed income from hidden offshore accounts get current with their taxes. The OVDI covers calendar years 2003 to 2010, and is available through August 31, 2011