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IRS Offshore Voluntary Disclosure Program – McMahon & Associates PC

The IRS currently has two categories of the Offshore Voluntary Disclosure Program (OVDP): the regular OVDP program, which will accept any taxpayer not already under investigation, and the easier and less expansive streamlined OVDP program, which is simpler and quicker.

The penalties and qualifying requirements vary greatly between the programs and it is imperative that you select the right one as you only get one shot at applying. Failure to select the right program would result in criminal charges or large civil penalties.

The tax law firm of McMahon & Associates has helped hundreds of taxpayers through the process.

Visit McMahon & Associates for more information.

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