Offshore Voluntary Disclosure usually occurs in situations where taxpayers are required to report and disclose their foreign financial assets and income to the United States Treasury and Internal Revenue Service but fail to do so in a timely manner. Offshore Voluntary Disclosure is generally the process where such taxpayers become compliant by voluntarily taking the initiative to disclose their foreign financial assets and income for such prior years to the United States Treasury and Internal Revenue Service.
We’ve helped our clients regarding the following Offshore Voluntary Disclosure:
- Offshore Voluntary Disclosure Program (OVDP/OVDI)
- Streamlined Offshore Program
- Streamlined Domestic Program
Andrew M. Park, CPA, P.C. has advised and helped clients resolve FBAR, FATCA and Offshore Voluntary Disclosure matters. Our team consists of experienced and knowledgeable accountants who has comprehensive knowledge regarding Offshore Voluntary Disclosure matters.