Offshore Disclosure updates from the OVDP lawyers at Parent & Parent LLP/IRSMedic

Offshore Disclosure updates from the OVDP lawyers at Parent & Parent LLP/IRSMedic

IRS OVDP Attorneys from the law firm of Parent & Parent LLP share with you important updates on the IRS offshore voluntary disclosure programs. These programs are a way for taxpayers to “come clean” and report their undisclosed (intentionally or not) offshore accounts and foreign bank accounts using these IRS amnesty programs. Topics to be discussed: “Bureaucracy by Blogpost” : How webpages such as 2012 OVDP FAQs become de facto law The types of offshore diclosures: Standard OVDP Standard OVDP with opt-out Streamlined Domestic Offshore Process Streamlined Foreign Offshore Process Delinquent information return Understanding Form 8938 vs. FBAR penalty base for Streamlined Disclosures OVDP processing times - accelerate the new. The old 2011...sometimes it take a while. Removal audits. Practitioners who dabble in OVDP and the problems they cause OVDP and offer and Compromise. Must have Form 906 Incomplete submissions/ screwed up OVDPs and how to fix them. Incompetent representation and what to do about it http://ift.tt/1RfwK1f Need help? Contact us to schedule a consultation. All communication is subject to the attorney client privilege. info@irsmedic.com 888-727-8796 http://youtu.be/FE4sEEp29yA IRS Medic