Monthly Archives: April 2015

OVDP: WHAT HAPPENS IF THE TAXPAYER CANNOT RAISE THE FULL REQUIRED PAYMENT UNDER FAQ 25?

Posted on April 28, 2015 by taxpenaltylawyer

FAQ 25 lists the OVDP submission requirements and insofar as payment goes, provides: Payment to the Department of Treasury in the total amount of tax, interest, offshore penalty, accuracy-related penalty, and, if applicable, the failure-to-file and failure-to-pay penalties, for the … Continue reading →

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MEANING OF CURRENTLY UNDER EXAMINATION FOR PURPOSES OF 2014 OVDP FAQ 14

Posted on April 26, 2015 by taxpenaltylawyer

MEANING OF CURRENTLY UNDER EXAMINATION FOR PURPOSES OF OVDP FAQ 14 Frequently Asked Question (FAQ) 14 of the 2014 edition of the Offshore Voluntary Disclosure Program asks: Question:  “I’m currently under examination.  May I participate in the OVDP?” Answer: “No. … Continue reading →

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