Overview of the 2001 OVDI (Tax Amnesty) U.S. taxpayers who participate in the OVDI will be required to disclose all foreign income, foreign financial accounts, and ownership interests in foreign en
SETTLE FOR PENNIES with the IRS! Many taxpayers find themselves in a position where they can never pay off the IRS. Its mathematically impossible with all the Penalties and Interest the IRS continues to ADD every day. These old tax liabilities can prevent you from ever owning a...
Generally the voluntary disclosures will require: 1. Payment of all taxes and interest for the previous six years. 2. Assessment of an accuracy penalty under Internal Revenue Code Section 6662 (20%)