Tag: OVDP

U.S. taxpayers living overseas need not fear reporting foreign income If an American Taxpayer living outside the United States is concerned that his or her failure to report income, pay tax and submit required information returns was due to willful

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The Internal Revenue Service (IRS) has announced that the Offshore Voluntary Compliance Program (OVDP) will terminate on September 28, 2018 (not the Streamlined Compliance Program). Once the OVDP ends the I.R.S. will be looking for offshore unreported income. The penalties,

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In the video below, United States Tax Attorney, Richard S. Lehman explains the new I.R.S. Streamlined Filing Compliance Procedures. This is an extremely important and valuable I.R.S. Program. It allows almost every American who has been afraid to step forward and

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