5 Reasons Why IRS Offshore Voluntary Disclosure Is a Good Option

5 Reasons Why IRS Offshore Voluntary Disclosure Is a Good Option by Golding & Golding 5 Reasons Why IRS Offshore Voluntary Disclosure Is a Good Option IRS Offshore Voluntary Disclosure is the legal process of getting into IRS compliance regarding undisclosed, unreported and undeclared foreign accounts, income, assets, and investments. Voluntarily getting into IRS Offshore Compliance is definitely a big decision to make. It essentially boils down to whether you want to actually enter into one of the approved offshore voluntary disclosure programs, or take a different route. FATCA Uncovers Secret Accounts Unfortunately, with the implementation and enforcement of FATCA (Foreign Account Tax Compliance Act), coupled with the renewed interest by the IRS issuing penalties for noncompliance with FBAR filing and international Informational Returns (3520-A, 5471, 5472, 8621, 8865), offshore disclosure is a good option. Here are five (5) reasons why you may want to…

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