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IRS OVDP Vs. STREAMLINED
IRS OVDP Vs. STREAMLINED

Tax payers who have failed to disclose offshore accounts and properties on their tax returns received a “pass” in 2009 when the Offshore Voluntary Disclosure Program was introduced. Under this program, individuals who choose to voluntarily disclose their assets from prior ...

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Blog posts in February, 2016

  • Avoiding Tax Penalties Through Voluntary Disclosure

    In 2009, the Internal Revenue Service launched a few different programs to help companies and individuals with funds in offshore accounts come to ...

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  • What To Do If You Overpay Taxes

    Overpayment on taxes is an all too common occurrence for individuals who make errors when filing. The errors most often come from basic mistakes ...

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  • Clinton Offers New Exit Tax On US Foreign Company Mergers

    Presidential-hopeful Hilary Clinton has made it clear that it is time for big companies to stop hiding their assets overseas. As such, it is her hope ...

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  • What Businesses Need to Know About the New IRS Early Interaction Initiative

    Business owners are required to pay payroll/ employment taxes to the Internal Revenue Service. However, in recent years with the ups and downs of the ...

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  • Board Splits Over Higher Tax Levy

    Like many towns and cities across the United States, residents of Chicago are currently fighting over school tax hikes and their impact on their ...

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  • Student Loans Can Improve Your Credit Score

    Taking out student loans is becoming an expected part of college life for many young Americans. Rising tuition costs mean that college is usually ...

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