201801.21
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IRS Says FATCA Minimizes The Need for Offshore Voluntary Disclosure

IRS Says FATCA Minimizes The Need for Offshore Voluntary Disclosure

IRS Says FATCA Minimizes The Need for Offshore Voluntary Disclosure by Golding & Golding, A PLC

IRS Says FATCA Minimizes The Need for Offshore Voluntary Disclosure by Golding & Golding, A PLC

For many individuals, businesses, and estates that are still debating whether they should enter the IRS Offshore Voluntary Disclosure Program or not — they should take caution.

Is it Over for IRS Offshore Voluntary Disclosure?

In a recent presentation, key representatives for the IRS have made it known that the IRS may be eliminating the Offshore Voluntary Disclosure Program altogether.

This can be a major problem for applicants who were planning on entering traditional OVDP, or opting for the Streamlined Filing Compliance Procedures instead of making a Reasonable Cause Statement.

OVDP Ended in 2018

Even though OVDP ended, you still have (several) options.

Golding & Golding, A PLC

We have successfully represented clients in more than 1000 streamlined and voluntary disclosure submissions nationwide, and in over 70-different countries.

We are the “go-to” firm for other Attorneys, CPAs, Enrolled Agents, Accountants, and Financial Professionals across the globe.

International Tax Lawyers - Golding & Golding, A PLC

International Tax Lawyers - Golding & Golding, A PLC

Golding & Golding: Our international tax lawyers practice exclusively in the area of IRS Offshore & Voluntary Disclosure. We represent clients in 70+ different countries. Managing Partner Sean M. Golding is a Board-Certified Tax Law Specialist Attorney (a designation earned by < 1% of attorneys nationwide.). He leads a full-service offshore disclosure & tax law firm. Sean and his team have represented thousands of clients nationwide & worldwide in all aspects of IRS offshore & voluntary disclosure and compliance during his 20-year career as an Attorney.

Sean holds a Master's in Tax Law from one of the top Tax LL.M. programs in the country at the University of Denver. He has also earned the prestigious IRS Enrolled Agent credential. Mr. Golding's articles have been referenced in such publications as the Washington Post, Forbes, Nolo, and various Law Journals nationwide.
International Tax Lawyers - Golding & Golding, A PLC