In This Issue:
- Offshore Disclosure Programs—A Trap for CPAs?
- Superior Court Imposes Sanctions for Withholding Documents in Discovery
- Expert Witness Faces Personal Liability for Professional Malpractice
- U.S. District Court Magistrate Narrowly Applies In Pari Delicto Doctrine in Tamposi v. Denby
- Two-Year Statute of Limitations under the Federal Tort Claims Acts Creates a Trap for the Unwary Plaintiff’s Attorney
- Plausible v. Speculative Claims: When Should You Seek a Dismissal
- New York Modernizes its Nonprofit Law
- Affordable Care Act: ERISA Self-Compliance Tool and Checklist plus Recent Update on "Skinny Plans"
- Excerpt from Offshore Disclosure Programs—A Trap for CPAs?:
The IRS has conducted several high profile Offshore Voluntary Disclosure Initiatives in recent years (commonly known as “OVDI”) and there is one open currently. The program’s requirements are very specific and are spelled out in detail on the IRS’ website. The requirements for the program—completing amended returns and filing delinquent Reports of Foreign Bank and Financial Accounts (“FBARs”)—are typical work of the tax CPA. But should you recommend that your client enter the program?
Please see full Publication below for more information.
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