OffshoreAccounts

The IRS has announced a special voluntary disclosure initiative to return offshore money back into the U.S. tax system and help taxpayers with offshore accounts get compliant. The new initiative is called the 2011 Offshore Voluntary Disclosure Initiative (OVDI) and is similar to the 2009 Offshore...

Less than two weeks after the official amnesty program ended for taxpayers who had previously failed to disclose income from offshore accounts, the first high profile criminal case involving a taxpayer has been resolved. Steven Michael Rubinstein, of Boca Raton, an accountant and US client of UBS...