• No More Mr. Nice Guy: IRS Tightens Voluntary Disclosure Procedures
  • January 18, 2019 | Author: Richard J. Sapinski
  • Law Firm: Sills Cummis & Gross P.C. - Newark Office
  • The IRS ended its Offshore Voluntary Disclosure Program (OVDI) on Sept. 28, 2018, and recently announced new internal procedures for taxpayers who wish to avoid criminal prosecution for domestic or offshore tax evasion conduct. These new procedures are far less “taxpayer friendly” and signal a return to the way voluntary disclosures were handled prior to OVDI.