Tax Subject: IRS terminated the OVDP on Sept 28, 2018

Richard Lehman, Tax Attorney - The Internal Revenue Service ended the Offshore Voluntary Disclosure Program on September 28, 2018. (The IRS Streamlined Filing Compliance Program will remain). This Offshore Voluntary Compliance Program was a separate IRS Program that waived certain serious penalties but asserted a much higher overall penalty than the Streamlined Procedure and it assured taxpayers that they would have a perfectly clean slate. This Program has now ended.

Video: The OVDP Program by Richard Lehman

The Offshore Voluntary Disclosure Program (OVDP) ended on September 28, 2018. Here is Richard Lehman's prior video on this subject. There is a corresponding article in the Tax Articles section. Click here to read the article about the expired OVDP now.