The Internal Revenue Service today reopened the offshore voluntary disclosure program to help people hiding…
Denied access to or withdrew from the IRS Offshore Voluntary Disclosure Program (OVDP)?
The letter advises taxpayers that if they fail to respond to the letter by the date shown, “the IRS may initiate an audit to determine [the taxpayer’s] compliance with U.S. reporting requirements”. The deadline for responding can be extending by 60 days, if necessary.
Taxpayers who receive Letter 5935 should consult with a tax attorney as soon as possible to determine the taxpayer’s best option for responding and how to do so.
Patel Law Offices offers a strategy session to discuss how to resolve your legal problem. Conveniently schedule online today with our online scheduler and questionnaire.
Related Posts
- IRS Announces New 2012 Offshore Voluntary Disclosure Program (OVDP)
- Run to the Door: IRS Terminates Offshore Voluntary Disclosure Program (OVDP) effective September 28, 2018
IRS Issue Number: IR-2018-52 IRS to end offshore voluntary disclosure program; Taxpayers with undisclosed foreign assets…
- IRS Announces New Clarifying FAQs for Streamlined Offshore Compliance Program
The IRS updated its streamlined offshore compliance program to provide procedures taxpayers residing both inside and outside the…
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