Home / Columns and Features / IRS revises offshore voluntary compliance protocol (access required)

IRS revises offshore voluntary compliance protocol (access required)

The IRS has issued new guidance on how taxpayers with hidden money offshore can come clean. The new procedures replace the nearly 10-year old offshore voluntary disclosure program, which the IRS terminated last fall. Certain taxpayer can still receive the benefits of the IRS’s “streamlined” voluntary compliance program, if they are eligible. The pre-2019 iteration of the ...

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