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Tax Trends Webinar Series Offshore Voluntary Disclosure A Clean Slate for Businesses

Course Description:
In 2012, the IRS launched a program for people with undisclosed income in offshore accounts. This program gives those who qualify the chance to disclose this offshore income on their tax returns. These individuals will be subject to a penalty; however, this penalty is a small price to pay to avoid criminal prosecution by the IRS. Changes have been made to the program in 2014. Join us to learn more about this legislation and its benefits.

Learning Objectives:

  • Identify the process and requirements of the Offshore Voluntary Disclosure Program
  • Discuss the changes between the original 2012 OVDP and the current 2014 legislation
  • Identify the benefits of making a voluntary disclosure
  • Determine how offshore penalties are calculated within the program

Presenters:

Mike Criddle, CPA, Partner
Mike has more than 15 years of experience working in tax with partnerships, S corporations, corporations, individual, trusts and nonprofit tax. He specializes in international taxation, specifically as it relates to individuals. His experience includes both U.S. citizens (and Green Card holders) working abroad, and individuals from foreign countries working in the United States, as well as the various reporting obligations stemming from these situations. Mike also has experience with foreign investment in the U.S., and the employment-related issues a company would face in sending employees on foreign/domestic assignments.

CPE: 1 hour

Additional Information:
These are live-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.

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