201811.08
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Are the Streamlined Domestic Offshore Procedures Ending?

Are the Streamlined Domestic Offshore Procedures Ending? (Golding & Golding)

Are the Streamlined Domestic Offshore Procedures Ending? (Golding & Golding)

Are the Streamlined Domestic Offshore Procedures Ending?

Sometimes, dealing with the IRS is sort of, kind of like dealing with a gossipy friend who has a juicy secret that makes her so giddy, she can’t hide it (so says my wife).

In this instance, at a recent convention, the IRS let the cat out of the bag…sort of.

Are the Streamlined Domestic Offshore Procedures Ending?

In a recent article by Law360 (Amy Lee Cohen), quoting Daniel N. Price of the IRS Office of Chief Counsel:

“At some point in the future, these procedures will no longer be available.


But this is a great way to bring taxpayers back into compliance and get them into the U.S. tax system with a goal of prospective compliance.”

Keep in mind that the IRS started talking this way about the OVDP program prior to formally announcing its closure.

OVDP Has Already Ended

Prior to the IRS terminating OVDP, the IRS made it seem like they would provide 12+ months notice before issuing a termination date for OVDP.

Unfortunately, the IRS only gave 6-months notice before terminating OVDP.

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.

IRS Offshore Voluntary Disclosure Specialist

IRS Offshore Voluntary Disclosure Specialist

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.
IRS Offshore Voluntary Disclosure Specialist