Category Archives: OFFSHORE VOLUNTARY DISCLOSURE PROGRAM

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

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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