Tag Archives: LIST OF BAD BANKS

LIST OF BAD BANKS GIVING RISE TO 50% OVDP OFFSHORE PENALTY STILL GROWING

The IRS had added five more banks to its list of banks at which accounts will cause the OVDP offshore penalty to rise to 50% applied to all noncompliant offshore assets (See OVDP FAQ 7.2). FAQ 7.2 provides: Beginning on August 4, … Continue reading

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