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September 01, 2011

IRS Extends Time for 2011 Offshore Voluntary Disclosure Initiative Requests

Guest Author: Tawnya Underwood, Columbus, Ohio

Good news for taxpayers who missed the August 31, 2011 deadline for submitting an offshore voluntary disclosure initiative request. The Internal Revenue Service extended the deadline for OVDI requests to September 9, 2011. A taxpayer has until September 9, 2011 to submit the Offshore Voluntary Disclosure Letter with all identifying information (name, address, date of birth, and social security number) and as much other information as possible to the Offshore Voluntary Disclosure Coordinator.

The Internal Revenue Service will also offer a 90-day extension to taxpayers for submission of all documents required for the complete OVDI package. The taxpayer must send a request for this 90-day extension by the September 9, 2011 deadline to the Austin campus. This will give the taxpayer an additional 90-day period to submit all required forms and documents as listed on the Internal Revenue Service’s web site, 2011 Offshore Voluntary Disclosure Initiative Documents and Forms.

For additional details regarding the September 9, 2011 OVDI request deadline, please see link below.

http://www.irs.gov/newsroom/article/0,,id=234900,00.html

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September 01, 2011

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