The IRS Has Ended the Offshore Voluntary Disclosure Program

Folder with a tab titled "Offshore Accounts"

The Internal Revenue Service (IRS) has announced that they have formally ended the Offshore Voluntary Disclosure Program (OVDP) effective September 28, 2018. However, it is absolutely critical to clarify that the Streamlined Filing Compliance Procedures Program is remaining open for non-willful taxpayers.

Non-compliant U.S. citizens overseas should take this as a wake-up call. The time to come back into compliance is now. Stop delaying. Contact our firm today.

Watch the video above for more details.

Related Posts
  • Renouncing vs. Relinquishing U.S. Citizenship | Castro & Co. Read More
  • Navigating International Taxation: An Look at IRS Form 1116 Read More
  • Paying US Taxes While Living Abroad | Castro & Co. [2024] Read More