Tax News: Major Changes to Offshore Voluntary Disclosure Program (OVDP) – the Good, the Bad, and the Uncertain

Amid heavy pressure from tax professionals and taxpayers alike, the IRS has finally made changes to the Offshore Voluntary Disclosure Program (OVDP).  The pressure to change the program came from the clear impression by many that the former programs were too severe for taxpayers who were not attempting to evade taxes or hide assets offshore.  […]