The Offshore Voluntary Disclosure Program (OVDP) is an attempt by the IRS to put an end to offshore accounts and unreported foreign bank accounts. Individuals who report undisclosed accounts through OVDP relieve themselves of facing any serious penalties (like criminal charges) if their offshore dealings are exposed.
Through the Foreign Account Tax Compliance Act, the IRS has ramped up efforts to expose unreported foreign bank accounts and other offshore accounts. And through new tax treaties, the IRS has greatly improved communications with foreign governments, making exposure far more likely for violators.
Don’t wait until the IRS has traced your foreign assets. Let Direct Tax Relief guide you through the process of the Offshore Voluntary Disclosure Program. Call today at (800) 505-4134 for your FREE Tax Resolution Analysis.