Offshore Voluntary Disclosure Program (OVDP) – From a different Angle

Due to numerous requests for insight and guidance concerning the Offshore Voluntary Disclosure Program (OVDP) that was initiated in 2012, I wanted to compose a practical article that, instead of merely regurgitating IRS pronouncements, will outline some of the main features for the OVDP and analyze some of the options that exist for American expats who are deciding whether to enter the program.

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What should you do if you have unfiled FBAR Forms?

An opinion for you to evaluate amongst the plethora of technical articles.
I speak with “criminals” on a daily basis regarding their unfiled FBAR forms and the potential penalties. As a result, I’ve heard as many different “strategies” on how to deal with them, and since jail would have been a likely result had they carried on with them, I feel like I should share some important information with all the other “criminals” out there.

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