In the News

The Offshore Voluntary Disclosure Initiative

ICEPN TV “Outlook and Prospects” Special Segment

May 03, 2014

Lawrence S. Horn and Richard J. Sapinski were interviewed by Lili Greene of ICEPN TV about offshore tax evasion and the IRS Offshore Voluntary Disclosure Initiative. 

Topics include:

  • The IRS has made cracking down on offshore tax evasion a top enforcement priority. 
  • The law applies to both U.S. citizens and U.S. residents.
  • Over the last few years, the IRS has tried to entice U.S. citizens and residents to report their undisclosed foreign bank accounts by providing an Offshore Voluntary Disclosure Initiative, which provides certainty as to civil penalties and protection from prosecution.