COMPARISON CHART – OVDP VERSUS STREAMLINED © 2016 by Robert S. Steinberg, Esquire. All rights reserved http://www.steinbergtaxlaw.com CHARACTERISTIC OVDP STREAMLNED Up Front Qualification? Yes -Names clearance (30...
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WAITING IS A DANGEROUS GAME FOR THOSE STILL NOT IN COMPLIANCE WITH FOREIGN REPORTING RULES
April 26, 2016
Over 55,000 taxpayers have come into compliance by entering the Offshore Voluntary Disclosure Program. An untold number of less culpable non-willful taxpayers have come into compliance under the Streamlined Filing Compliance...
From every bad dream there is an awakening. Morning brings you back to sanguinity.For those with offshore activities who are out of compliance with U.S. tax law, however, morning will not come unless and until they...
FOR WHOM THE BELL TOLLS ON STREAMLINED FILINGS
March 12, 2016
A Tax Analysts Tax Notes article (Richman, Nathan J., “International Tax Enforcement Efforts Include Civil Tools”) quoted Acting Assistant Attorney General of the Department of Justice Tax Division, Caroline Ciraolo who...
Normally, the tax-rules that taxpayers must follow are contained in the Internal Revenue, Code, Treasury Regulations promulgated by the IRS, Revenue Rulings issued by the IRS and court cases. For taxpayers seeking to enter...