OVDP Lawyers for Tax & Legal Representation Worldwide

OVDP Lawyers for Tax & Legal Representation Worldwide

OVDP Lawyers: OVDP is the Internal Revenue Service’s Offshore Voluntary Disclosure Program — previously referred to as OVDI and one of the more popular IRS Tax Amnesty programs. Offshore Voluntary Disclosure was an offshoot of the traditional Voluntary Disclosure Program (VDP), which has been around for many years — and designed to assist US Taxpayers with avoiding criminal enforcement of noncompliance of offshore accounts, assets, investments and income. In 2018, the US Government terminated the OVDP Offshore Voluntary Disclosure Program — BUT expanded the traditional Voluntary Disclosure Program to include both International and Domestic protocols.  Our Attorney Tax and Legal Team represents clients worldwide with IRS international tax issues involving OVDP, FBAR, FATCA and Streamlined Filing cases. When clients have an offshore disclosure issue, they are scared. Our goal is to help clients regain their peace of mind.  The IRS takes an aggressive position on matters involving foreign accounts compliance (such as FATCA and FBAR). To minimize damages and limit penalties, the Board-Certified Tax Law Specialist Team at Golding & Golding has represented thousands of Taxpayers in over 80-countries with Offshore Voluntary Disclosure, including:

• • • Voluntary Disclosure Program (VDP or “New” OVDP)

    • Streamlined Domestic Offshore Procedures

    • Streamlined Foreign Offshore Procedures

    • Delinquency Procedures

    • Reasonable Cause

Golding & Golding: OVDP Lawyer Team

The OVDP Lawyers at Golding & Golding represent clients nationwide and worldwide (in over 80 different countries) in disclosing offshore accounts, assets, investments & Income. With the IRS taking an aggressive position on matters involving foreign accounts compliance and unreported foreign income — compliance is crucial to avoid offshore fines and penalties. The new updated VDP provides additional guidance on voluntary disclosures that involve offshore money. 

Common offshore assets and accounts our OVDP Lawyers are retained to disclose, include:

• • • Bank Accounts

    • Financial Accounts

    • Specified Assets

    • Pension

    • Life Insurance

    • Mutual Funds

    • ETFs

    • Corporations

    • Partnerships

    • Holding Companies

    • PFIC

    • CFC

Taxpayers (in the U.S. and abroad) who are out of IRS compliance with Foreign and Offshore Account reporting should retain an experienced dual Attorney/Enrolled agent  IRS Offshore Disclosure Attorney team to assist them.  Even though OVDP has ended, If you are willful, the Internal Revenue Service has updated post-OVDP procedures, which are detailed in the Internal Revenue Manual.

International Tax Law: Board-Certified Tax Law Specialist

Golding & Golding specializes exclusively in international tax, and specifically IRS offshore disclosure. 

Contact our firm today for assistance with getting compliant.