Critical Links – 2014 OVDP & Streamlined Filing Compliance Procedures

1. IRS Offshore Voluntary Disclosure Efforts Produce $6.5 Billion; 45,000 Taxpayers Participate (FS-2014-6, June 2014).  http://www.irs.gov/uac/Newsroom/IRS-Offshore-Voluntary-Disclosure-Efforts-Produce-$6.5-Billion;-45,000-Taxpayers-Participate

2.  IRS Makes Changes to Offshore Programs; Revisions Ease Burden and Help More Taxpayers Come into Compliance (IR-2014-73, June 18, 2014).  http://www.irs.gov/uac/Newsroom/IRS-Makes-Changes-to-Offshore-Programs;-Revisions-Ease-Burden-and-Help-More-Taxpayers-Come-into-Compliance

3. Offshore Income and Filing Information for Taxpayers with Offshore Accounts (FS-2014-7, June 2014). http://www.irs.gov/uac/Newsroom/Offshore-Income-and-Filing-Information-for-Taxpayers-with-Offshore-Accounts

4.  Options Available For U.S. Taxpayers with Undisclosed Foreign Financial Assets
 http://www.irs.gov/Individuals/International-Taxpayers/Options-Available-For-U-S–Taxpayers-with-Undisclosed-Foreign-Financial-Assets

5.  Streamline Filing Compliance Procedures
http://www.irs.gov/Individuals/International-Taxpayers/Streamlined-Filing-Compliance-Procedures

6.  U.S. Taxpayers Residing Outside the United States
http://www.irs.gov/Individuals/International-Taxpayers/U-S-Taxpayers-Residing-Outside-the-United-States

7.  Certification by U.S. Person Residing Outside of the U.S
http://www.irs.gov/pub/irs-utl/CertNonResidents.pdf

8.  U.S. Taxpayers Residing in the United States
http://www.irs.gov/Individuals/International-Taxpayers/U-S-Taxpayers-Residing-in-the-United-States

9.  Certification by U.S. Person Residing in the U.S
http://www.irs.gov/pub/irs-utl/CertUSResidents.pdf

10.  Delinquent FBAR Submission Procedures
http://www.irs.gov/Individuals/International-Taxpayers/Delinquent-FBAR-Submission-Procedures

11.  Delinquent International Information Return Submission Procedures
http://www.irs.gov/Individuals/International-Taxpayers/Delinquent-International-Information-Return-Submission-Procedures

12.  Offshore Voluntary Disclosure Program Frequently Asked Questions and Answers
 FAQs Effective for OVDP Submissions Made On or After July 1, 2014 are available at http://www.irs.gov/Individuals/International-Taxpayers/Offshore-Voluntary-Disclosure-Program-Frequently-Asked-Questions-and-Answers-2012-Revised

13.  Transition Rules Frequently Asked Questions
http://irs.gov/Individuals/International-Taxpayers/Transition-Rules-Frequently-Asked-Questions-FAQs

14.  Revised Offshore Voluntary Disclosure Letter
http://www.irs.gov/pub/irs-utl/OVDIntakeLtr.pdf

15.  Offshore Voluntary Disclosure Letter Attachment
http://www.irs.gov/pub/irs-utl/OVDIntakeLtrAttach.pdf

16.  List of Foreign Financial Institutions or Facilitators
http://www.irs.gov/Businesses/International-Businesses/Foreign-Financial-Institutions-or-Facilitators

17.  Modified OVDP The Disclosure Period
http://www.irs.gov/Individuals/International-Taxpayers/Offshore-Voluntary-Disclosure-Program-Frequently-Asked-Questions-and-Answers

18.  Requesting Pre-Clearance into the OVDP
http://www.irs.gov/Individuals/International-Taxpayers/Offshore-Voluntary-Disclosure-Program-Frequently-Asked-Questions-and-Answers

19.  FBAR Form to use for the OVDP. http://www.irs.gov/Individuals/International-Taxpayers/Offshore-Voluntary-Disclosure-Program-Frequently-Asked-Questions-and-Answers

20.  Special Requirements for the OVDP Power of Attorney
http://www.irs.gov/pub/irs-utl/f2848-ovdp.pdf