The IRS has announced a new voluntary disclosure program for US persons with unreported foreign income. It borrows heavily from the 2011 voluntary disclosure program with two major differences. First, there is no set deadline for applying under this program although it can be changed or cancelled at any time. Second, the offshore penalty rate has increased from 25% to 27.5%, though a reduced penalty…
To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].
Subscriber Only Content
This article is available on a corporate subscription with Asian Private Banker. Please login or subscribe to view this content.
Need help? Please see our FAQ Guide or email [email protected]
Have a confidential tip? Get in touch [email protected]
