Offshore Disclosure Archives - Pontius Tax Law, PLLC

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What Are FFIs and What Role Do They Have in Reporting Your Accounts to the IRS?

If you hold financial assets offshore, they are not hidden. Banks and other financial institutions may have an obligation to report the holdings of U.S.…

What Was the Offshore Voluntary Disclosure Program?

In 2009, the Internal Revenue Service (IRS) opened up the Offshore Voluntary Disclosure Program – commonly abbreviated OVDP – as a means of encouraging willful…