OVDP or Streamlined? Which Reporting Method Should You Choose?
Offshore Account UpdatePosted on July 29, 2016
If you are a U.S. citizen and you have foreign accounts, you have to file tax returns and report those accounts to the IRS. U.S.-connected individuals, including those who reside abroad, can face consequences for failure to file tax returns, report foreign and U.S. sourced income, and report their offshore accounts.
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