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Archive by Month: November 2019

Top Things to Ask a Virginia OVDP Lawyer

Posted in Offshore Account Update on November 4, 2019

For U.S. taxpayers with offshore accounts, it is wise to ensure compliance with tax reporting requirements on those accounts. The IRS is particularly aggressive regarding offshore accounts, since these accounts have historically been used for tax evasion or avoidance. And if the taxpayer has previously unreported accounts but wants to come into legal compliance, voluntary disclosures may be their best option.

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