END TO VOLUNTARY DISCLOSURE PROGRAMME

Today, the Internal Revenue Service notified taxpayers that it will be ending the Offshore Voluntary Disclosure Programme (OVDP) in September 2018.

The OVDP is a tax amnesty programme for deliquent taxpayers who were unable to attest tha their failure to file was not due to wilful action.

For now, the Streamlined Amnesty remains in place, with the IRS simply noting that it will be removed at some point, but wiith no further details given.

The IRS notice can be found here https://www.irs.gov/newsroom/irs-to-end-offshore-voluntary-disclosure-pr...