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ovdp
icobox
crypto
6y
Ensuring Your Offshore Crypto Accounts are in Compliance with Changing IRS Policy
On September 28, the IRS has closed its Offshore Voluntary Disclosure Program (OVDP). The OVDP allows for U.S. taxpayers with willfully undisclosed foreign financial assets to voluntarily report them so
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eldad
tax
7y
Streamlined Offshore Procedure
Recently, the IRS relaxed the requirements for compliance and significantly reduced the penalty for eligible taxpayers who non-willfully failed to disclose otherwise reportable foreign financial
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2
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eldad
tax
7y
OVDP
The Offshore Voluntary Disclosure Program (OVDP) is a voluntary disclosure program specifically designed for taxpayers with exposure to potential criminal liability and/or substantial civil penalties due
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