Jul 8, 2014 OVDI – a term you should know more about
How to avoid a serious tax penalty with the new offshore voluntary disclosure initiative?
As you might know, foreign bank accounts will start reporting to the IRS providing data about their account holders who are US citizens. FATCA (Foreign Account Tax Compliance Act) could have serious consequences on your accounts.
How should you go about the latest changes?
Listen to the following interview to better understand OVDI (offshore voluntary disclosure initiative), receive inside tips and information from tax experts: Philip Stein, CPA, Philip Stein & Associates and Stauart Schabes, Vice Chair of the Business Department at Baker Donelson