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IRS: offshore voluntary disclosure program coming to end | Business

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IRS: offshore voluntary disclosure program coming to end
Business

The Internal Revenue Service announced that its Offshore Voluntary Disclosure Program (OVDP) will end on Sept. 28, 2018.

For those unfamiliar with the OVDP, it’s a voluntary program within the IRS that permits taxpayers to disclose foreign financial assets and offshore activities without exposure to criminal prosecution and subject to reduced penalties.

 

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