08/06/11 09:52 Filed in:
OVDIThe IRS has announced a 90 day extension for compliance with the OVDI program (Offshore Voluntary Disclosure Initiative). Under this program, delinquent FBAR filings can be made at reduced penalties---or in some cases no penalty at all.
The deadline for full compliance is Aug 31, 2011. But a lot of information is required --- such as bank and brokerage statements going back to 2003. Read More...Tags: fbar, OVDI