COMPLEXITY WITH REGARD TO OFFSHORE DECISIONS

•  Research the risks vs. the benefits with regards to your specific facts and circumstances of your case :

• OVDP
• OVDP and Opt-out
• Streamlined Process for taxpayers residing outside of the U.S.
• Streamlined Process for taxpayers residing in the U.S.
• Transitional Rules for those who’ve mailed their OVDP Letter before July 1, 2014.
• Quiet Disclosure.
• Qualified Quiet Disclosure.
• Filing forward or GF.
• Do nothing since Statutes of Limitations have run.
• Traditional Voluntary Disclosure for those with domestic unreported income.
• Traditional Voluntary Disclosure for those duals or green card holders residing outside the US with "offshore" unreported accounts/income or non filers.
• Optional compliance procedures for those with unfiled FBARs but no unreported income.
• Optional Compliance Procedures for those with unfiled information returns but no unreported income.