The IRS Has a Chance to Fix Its Voluntary Disclosure Program

Opinion: The IRS has a rare opportunity to turn voluntary disclosure program into a fair and functional path back into the ...
Forbes

Cryptocurrency Front And Center In Revised IRS Voluntary Disclosure Practice

Forbes contributors publish independent expert analyses and insights. Guinevere Moore is a civil and criminal tax litigator. The Internal Revenue Service announced today that the Voluntary Disclosure ...
Supply Chain

Best Practices for Making Voluntary Disclosures to Customs

Importing has never been riskier. The combination of a high-tariff environment, increasingly sophisticated data analytics by U.S. Customs and Border Protection (CBP), and a tougher penalty posture by ...
Law

Voluntary Self-Disclosure of Sanctions Violations: How It Works in the US (Part 2)

OFAC follows a three-step process for assessing and imposing civil penalties for sanctions violations. Upon learning of a sanctions violation, OFAC first determines whether to initiate a civil ...
Business Insider

From the Tax Law Offices of David W. Klasing - Should You Make a Voluntary Disclosure if You Think Your Tax Advisor May Be Under Criminal Tax Investigation?

IRVINE, Calif., Sept. 8, 2021 /PRNewswire/ -- It's common practice for an individual or a corporation to use a third-party tax professional to help them with their tax filings. However, if you are ...
JournalofAccountancy

Offshore Account Voluntary Disclosure Deadline Extended to Oct. 15

The IRS today extended the deadline for voluntary disclosures by taxpayers with unreported income from hidden offshore accounts from this Wednesday, Sept. 23, to Oct. 15. The IRS cautioned that there ...