New international filing laws and procedures have made having foreign assets a little more complicated.
If you have undisclosed accounts, this filing process becomes even more complicated. Thankfully the IRS has programs, including Offshore Voluntary Disclosure Program (OVDP) to help reach compliance.
For more information about OVDP and the IRS’ processes for this program, download the article below by Mishkin Santa, LL.M, J.D, Director of International Advisory & Legal Services at Five Stone Tax.
