Reminder: IRS offshore voluntary disclosure program | KPMG | US
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Reminder: IRS offshore voluntary disclosure program closes September 28

Reminder: IRS offshore voluntary disclosure program

The IRS today issued a reminder that the 2014 Offshore Voluntary Disclosure Program (OVDP) will close on September 28, 2018.

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In March 2018, the IRS announced that the OVDP (which has been available for U.S. taxpayers with undisclosed foreign financial assets to comply voluntarily) closes September 28, 2018. Read TaxNewsFlash

Today’s IRS release—IR-2018-176—states that since the March 2018 announcement about the closure of the OVDP, the IRS has not received any public comments addressing a continued need for the OVDP.

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