IRS Streamlined OVDP 2015 Updates

IRS Streamlined OVDP 2015 Updates Recorded February 9, 2015 http://ift.tt/URFeVp The IRS announced its relaxed Streamlined Offshore Voluntary Disclosure Program (OVDP) in June of 2014. So what has happened since then? In this video we go over some the the updates as they have been put into practice. We discuss the many advantages of a streamlined OVDP and the critical differences for those who are "domestic" and those who are "foreign." We talk about some of the things that will stop you from being able to file an Streamlined OVDP, and some of the things, that might not matter. We discuss the types of non-willful individuals and entities that may or may not use the program. We discuss what happens if your Streamlined OVDP is audited. We discuss what you should do if someone told you were willful but you aren't sure you agree. We discuss why FATCA is feared but has been irrelevant to the IRS getting information. We explain how the IRS will go after CPAs and Attorneys with John Doe summonses first. Then compel those CPAs and Attorneys to "spill the beans" on their clients. And we finish by going over the particular issues for US account holders in Latin America, Western Europe, the Pacific Rim and Australia. More info: http://ift.tt/1DUK3gR http://www.irsmedic.com OVDP Hotline 888 477-4258 info@irsmedic.com Serving US taxpayers around the globe Parent, Parent & Wynn LLP 144 S. Main Street Wallingford, CT 06492 (203) 269-6699 http://ift.tt/1DUK3gN Anthony Parent