Taxpayers Must Use The 2011 Offshore Voluntary Disclosure Initiative To Make Voluntary Disclosures Of Unreported Foreign Bank Accounts or Risk Criminal Prosecution

Guest Author: Pilar Puerto, Esq., Columbus, Ohio Recently the Department of Justice prosecuted a taxpayer that had made a “quiet disclosure” of his offshore bank account instead of using the IRS’s 2009 Offshore Voluntary Disclosure Initiative (OVDI), demonstrating how serious... Read more →