201811.27
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Pre-IRS Disclosure Offshore/Foreign Penalties are on the Rise

Pre-IRS Disclosure Offshore/Foreign Penalties are on the Rise A few months back, the Internal Revenue Service (IRS) made good on its promise to discontinue the Offshore Voluntary Disclosure Program (OVDP). Even though the IRS has ended the OVDP program there are still other voluntary disclosure/amnesty programs that a person can use in order to get into IRS…