The US Offshore Disclosure Program

On September 28th, 2018 the US Tax Authority announced Offshore Voluntary Disclosure Program (OVDP).

During 10 years of the program about 56 000 taxpayers owning offshore assets have paid 11 billion dollars to the US budget.

Ending of the valid terms of program (OVDP) doesn’t mean that the US Tax Authority mellowed out it’s attitude towards tax evasion.

In accordance to the representative of the Tax Authority the fight against tax evasion of an offshore company is remaining to be priority direction of the Tax Authority activity.

On materials of the following website: https://www.irs.gov/individuals/international-taxpayers/closing-the-2014-offshore-voluntary-disclosure-program-frequently-asked-questions-and-answers