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Breaking OVDI FBAR News
The IRS has extended the deadline for filing documents under the tax attorneys , and CPAs who have been trying to crank out OVDI disclosures documents by Wednesday. The IRS has also severely limited the tasks that need to be completed by the new Sept. 9th OVDI deadline. The only two actions required by September 9th appear to be:
1. Submit identifying information to the Criminal Investigation office in Philadelphia. Specifically this means name, address, date of birth, and social security number and as much of the other information requested in the Offshore Voluntary Disclosures Letter as possible.
2. Send a request for a 90-day extension for submitting the complete voluntary disclosure package of information to the Austin campus.
The reason for the OVDI extension is ostensibly the potential impact of Hurricane Irene. One has to wonder though, whether the IRS finally got the message that the Aug. 31st deadline for submitting everything was unreasonable.
If you haven’t submitted your OVDI application, or would like to get your OVDI package filed on time, call the Los Angeles tax litigation attorneys at Brager Tax Law Group, A P.C. at 1.800.380.Tax Litigator.