The IRS created two Voluntary Disclosure Programs for US taxpayers to come into compliance with Foreign Bank Account Reporting or FBAR requirements: the Offshore Voluntary Disclosure Program or OVDP and the Streamlined Domestic (Foreign) Offshore Procedures.
In this LIVE IRS FBAR and willfulness webcast, a panel of thought leaders including Janathan Allen will discuss the significant and latest issues surrounding IRS FBAR Disclosure Programs. They will provide an in-depth discussion of Offshore Voluntary Disclosure Program (OVDP), Streamlined Disclosure Programs (SDP) and the role of willfulness in disclosing foreign accounts and assets. Speakers will also offer best practices in developing and implementing an effective guide to be compliant with the said programs.
Key issues that will be covered in this course are:
- Foreign Account Tax Compliance Act (FATCA) – Overview
- IRS Disclosure Programs
- Offshore Voluntary Disclosure Program
- Streamlined Disclosure Programs
- What is Willfulness?
- Recent Cases Involving Willfulness
- Compliance Guides
Learn more about the program and request additional information by contacting us or calling 866-631-3470 for a free consultation.