IRS Eases Offshore Voluntary Disclosure Program for Non-willful Tax Evasion

IRS Eases Offshore Voluntary Disclosure Program for Non-willful Tax Evasion.

Did they?? I am not so sure…. Read this article. The penalties are going up to 50% if your bank is on the non-prosecution agreement list. If you are a streamlined candidate, the rules have been relaxed a bit. There are more informational requirements being required. I guess the plot thickens with the 2014 OVDP….. This article is a good summary.