OVDP vs Streamlined Procedures 2026 - What are the Differences in these Offshore Disclosure Programs скачать в хорошем качестве

OVDP vs Streamlined Procedures 2026 - What are the Differences in these Offshore Disclosure Programs

GOLDING & GOLDING (BOARD-CERTIFIED TAX LAWYER SPECIALIST) With the new tax season in full swing, our international tax law specialist team at Golding & Golding wanted to provide an update to our prior articles about the difference between the Offshore Voluntary Disclosure Program (now VDP) -- along with the differences between the two Streamlined Filing Compliance Procedure Programs (Streamlined Domestic Offshore Procedures and Streamlined Foreign Offshore Procedures). The main difference between these two programs is that to qualify for the streamlined procedures, the taxpayer must be non-willful -- whereas a willful taxpayer does not qualify for the streamlined procedures and instead submits to the IRS Voluntary Disclosure Program (VDP). Let's walk through some of the basics of the differences between the Offshore Voluntary Disclosure Program and the Streamlined Procedures.