IRS Further Simplifies Entering the Offshore Voluntary Disclosure Program with New Forms – Los Angeles Income Tax Planning & Income Tax Litigation Attorney Bruce Givner

by Bruce Givner on September 18, 2014

In June, the IRS released a new form, IR-2014-73, which provided major changes in its offshore voluntary disclosure programs (OVDP) by offering new options to help both taxpayers residing overseas and those residing in the US. You can find descriptions of the specific eligibility requirements for the streamlined procedures for non-US residents and US residents.

Then, in August, the IRS made the certification process even easier by creating two new forms: Form 14653 – Certification by US Person Residing Outside of the United States for Streamlined Foreign Offshore Procedures; and Form 14654 – Certification by US Person Residing in the United States for Streamlined Foreign Offshore Procedures.

Now, the IRS has gone even further to simplify the process of entering the OVDP by issuing two more forms: Form 14457 – Offshore Voluntary Disclosure Letter; and Form 14452 – Foreign Account or Asset Statement. You can find a link to Form 14552 here.

If you have questions about the IRS OVDP or need help in participating, do not hesitate to contact the professionals at Givner & Kaye.

Givner & Kaye focuses on sophisticated income tax planning and compliance, tax litigation and procedure, estate planning, and asset protection plans for individuals and businesses in Beverly Hills, Calabasas, West Los Angeles, Hollywood, and other areas of Los Angeles, Orange, Ventura, San Bernardino, Riverside and Santa Barbara Counties. Call Los Angeles Estate Planning and Asset Protection Plan Attorneys Givner & Kaye at (310) 207-8008 today.

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