Steven Mopsick has an interesting view of how well or poorly the IRS has preformed in it's Offshore Voluntary Disclosure Program (OVDP). It should be obvious to practitioners and taxpayers alike that the IRS offshore voluntary disclosure program first announced in 2009, is not for everyone. It is expensive, time consuming and sometimes nerve-wracking.
But for those taxpayers and practitioners who still consider it an option, here are some miscellaneous comments and observations.
What has been your experience as to how the IRS has preformed in it's Offshore Voluntary Disclosure Program? Please feel free to add your comments! Also, feel free to advise the IRS directly, since they are currently seeking comments on Offshore Voluntary Disclosure Program!
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Read more at: Tax Times blog