Month: November 2015

Are you wondering whether your current OVDP representative (or yourself) is on the right track with your OVDP or Streamlined Disclosure? Do you wonder if you should opt-out of the standard penalty?

The IRS asked for feedback on its Offshore Voluntary Disclosure Program and Streamlined Procedures. Here is our response.   On October 16th, members of the IRSMedic Offshore Team presented detailed suggestion on how the IRS can best improve their offshore disclosure processes.

In Part VI of …

We’ve got a hot topic today, folks. It’s the question begging to be asked – are nightmares caused by IRS anxiety? Well honestly, Claudine and I have had some to – be – discussed recurring nightmares well before the tax attorneys at IRSMedic even existed – – believe it or not (not being the …

Today, November 3rd, 2015, a press release from the Justice Department announced that Banque Bonhôte & Cie SA (Banque Bonhôte) reached a resolution under the department’s Swiss Bank Program and will join the 61 other banks on the IRS’s Foreign Financial Institutions or Facilitators …

We’ve all heard the adage, “Keep your friends close and your enemies closer.” Well, if you think that’s silly and would rather let your mortal nemesis dig their own hole, feel free to let them do so. If your mortal enemy does ever happen to ask you about the Internal Revenue Service, you have a …