IRS set to end voluntary disclosure program

CHICAGO: Internal Revenue Service (IRS) has announced closing of Voluntary Disclosure scheme launched originally in 2009 as an alternative to Overseas Voluntary Disclosure Initiative (OVDI) and the OVDP modified from time to time till 2014, is now proposed to be closed on September 28, 2018.

This was announced by the IRS on March14, 2018. The agency had launched Overseas Voluntary



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