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Monthly Archives: January 2015

OVDP Program Open Indefinitely For Taxpayers Hiding Money or Income Offshore!

The Internal Revenue Service today January 28, 2015, said in its news release (IR-2015-09), that avoiding taxes by hiding money or assets in unreported offshore accounts remains on its annual list of tax scams known as the “Dirty Dozen” for the 2015 filing season. "The recent string of successful enforcement actions against offshore tax cheats…
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IRS Launches International Data Exchange Service

The Internal Revenue Service announced in IR-2015-01 the opening of the International Data Exchange Service (IDES) for enrollment.   Financial institutions and host country tax authorities will use IDES to securely send their information reports on financial accounts held by U.S. persons to the IRS under the Foreign Account Tax Compliance Act (FATCA) or pursuant to the…
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Tax Season Opens As Planned Following Extenders Legislation

ollowing the passage of the extenders legislation, the Internal Revenue Service announced it anticipates opening the 2015 filing season as scheduled in January. The IRS will begin accepting tax returns electronically on Jan. 20. Paper tax returns will begin processing at the same time. The decision follows Congress renewing a number of "extender" provisions of…
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