OVDP: A better but not perfect offshore disclosure option

(contributed by Brad Flecke, CFP®)

The new Offshore Voluntary Disclosure Program is a substantial improvement over the 2011 Offshore Disclosure Initiative. In creating new opportunities, however, OVDP raises at least two new legal issues that a taxpayer may wish to discuss with an attorney before electing to participate in the program. Even for those taxpayers who probably owe little or no tax, OVDP is not a quick fix.  

For details, see the full post on my personal blog: BORDERS.

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