Update on voluntary disclosure programmes

The Internal Revenue Service today reminded taxpayers with undisclosed offshore accounts that they should strongly consider existing paths established to come into full compliance with their federal tax obligations.

For more detail see the 16 October notification https://www.irs.gov/uac/News-Releases-for-Current-Month

Taxpayers who are deliberating about making use of the various disclosure facilities should, at a minimum, discuss the options available to them. This can be done as part of the free 20 minute consultation offered by CloudTax.