This notice by the IRS in January indicates that the IRS has collected more than $7 billion from 50,000 OVDP disclosures since 2009. The statistics do not include the revenue collected from the domestic Streamline Filing Compliance Procedure. Based on this revenue, past participation, and the sheer number of taxpayers that have to yet find a path to compliance, these programs will open indefinitely. As the federal tax filing deadline fast approaches and with the IRS in pursuit of these undisclosed offshore accounts, make sure you are in compliance.
More about offshore tax evasion & OVDP
About Five Stone Tax Advisers
Five Stone Tax Advisers has years of experience negotiating directly with the IRS to get the best possible outcome for you. Our International Tax Advisory and Compliance unit has a team of tax attorneys, certified public accountants and enrolled agents that form a single sourced point of contact that will provide services for all the legal, compliance and financial reconstruction aspects of offshore account cases.
