The IRS has announced a third round of Its Offshore Voluntary Disclosure Program (OVDP), allowing tax evaders to voluntary disclose unpaid taxes from offshore accounts and pay penalties in exchange for amnesty.
To participate in the program, participants must file all original and amended tax returns and include payment for back-taxes and interest for up to eight years, as well as applicable penalties...
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International Law & Trade Updates, Securities Law Updates, Tax Law Updates
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