ETUDES FISCALES INTERNATIONALES

2011 Offshore Voluntary Disclosure Initiative

cliquer

les tribunes sur l'IRS

un site américain explicatif

BUT !
US arrests Swiss banker in tax probe

FT 02.22.11 

The IRS is offering people with undisclosed income from offshore accounts an opportunity to participate in a new, voluntary disclosure initiative in order to get current on their tax returns.

The 2011 Offshore Voluntary Disclosure Initiative (OVDI) will be available only through Aug. 31, 2011.

How to Make a Voluntary Disclosure.

The 2011 initiative has a higher penalty rate than the IRS’s previous voluntary disclosure program, which ended on Oct. 15, 2009, but offers clear benefits to encourage taxpayers to disclose foreign accounts now rather than risk IRS detection and possible criminal prosecution.

 In addition, the 2011 initiative includes new guidelines to provide fairness to people with smaller amounts of undisclosed assets or unusual situations.

For general details on the 2011 initiative, see news release *

IR-2011-14, Second Special Voluntary Disclosure Initiative Opens; Those Hiding Assets Offshore Face Aug. 31 deadline.