IRS Announces September 2018 End to Offshore Voluntary Disclosure Program

Blank Rome LLP

The Internal Revenue Service (“IRS”) announced it will close the highly successful Offshore Voluntary Disclosure Program (“OVDP”) on September 28, 2018, which presumably will be the final date for taxpayers to submit a request for OVDP consideration. Taxpayers with undisclosed offshore accounts should seriously consider entering the OVDP this summer before the program ends.

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