The IRS is reminding taxpayers that an important deadline is approaching. Taxpayers have until 9/28/18 to apply for the Offshore Voluntary Disclosure Program, a form of tax amnesty. Taxpayers with unreported foreign accounts can avoid criminal charges and pay reduced civil penalties by voluntarily disclosing the accounts to the IRS. After the 9/28/18 deadline, the IRS will maintain a pathway so that taxpayers who may have committed related criminal acts can come into compliance. Contact us as soon as possible if you have an unreported foreign account
