Category Archives: OVDI / OVDP

What’s next for voluntary disclosure?

Posted on November 14, 2011 by Expat in CA

Now that the voluntary disclosure programs (OVDI / VDP) have ended, tax professionals are wondering what’s going to happen next. With OVDI participants facing stiff penalties, the IRS must either increase penalties for voluntary disclosers going forward or risk angering … Continue reading →

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New TAS report condemns IRS conduct on OVDP

Posted on November 13, 2011 by Expat in CA

The Taxpayer Advocate Service (TAS) is, according to its tagline, “your voice at the IRS.” It’s a government body tasked with ensuring fairness and proper conduct from the Internal Revenue Service.

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Yet another article demonizes those trapped in the FATCA nightmare

Posted on November 12, 2011 by Expat in CA

David Voreacos has written an article hailing the success of the IRS’s charges against banks like UBS (which has made it nearly impossible for expats living in Switzerland to find banks willing accept them as customers).

Posted in FATCA, OVDI / OVDP | Tagged , , , | 4 Comments

TIGTA report finds IRS’s voluntary disclosure practices “effective”

Posted on November 11, 2011 by Expat in CA

A recent report from the Treasury Inspector General for Tax Administration (TIGTA) found that nearly half of their absurdly small sample size of closed cases were improperly transcribed, and the review itself suffered from several fatal flaws. Despite this, TIGTA … Continue reading →

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The OVDP/OVDI “scam” and how a rational country might have handled the program

Posted on October 10, 2011 by Expat in CA

To bring people back into compliance, the IRS instituted the Overseas Voluntary Disclosure Program (OVDP) in 2009, a program that the American Citizens Abroad (ACA) has termed a “scam.”

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