Offshore Accounts, IRS Compliance and the Streamlined Voluntary Disclosure Procedures: Lower Penalties, but Bigger Risks, a Live Webinar Presented by Asher Rubinstein

Posted on July 13, 2017, 2:42 pm by Asher Rubinstein, Esq.

The IRS maintains an Offshore Voluntary Disclosure Program (OVDP) whereby eligible taxpayers can self-declare previously undeclared foreign assets in return for lower penalties.  The more recent “Streamlined” procedures allow for even lower or no penalties – provided that the taxpayer’s past non-compliance was “non-willful”.  In this webinar, you’ll learn about the considerations around the OVDP and the recent Streamlined Procedures.  Upon completion of the course, you’ll be able to:

  • Explain the difference between the OVDP and the Streamlined Procedures in reporting foreign assets to the IRS
  • List the eligibility requirements for the Streamlined Procedures
  • Explain the difference between the Streamlined Domestic Offshore Procedures (SDOP) and the Streamlined Foreign Offshore Procedures (SFOP)
  • Discuss the critical concept of “non-willfulness”
  • List the risks involved in the Streamlined Procedures
  • Describe the requirements of the Streamlined Procedures and how to make a successful Streamlined submission.

The webinar will be on Monday, July 17, 2017 at 1pm Eastern Standard Time.

For more information, please click here.






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