Meet Our OVDP Lawyers for FBAR/FATCA: Offshore Tax Specialist Team

Our OVDP Lawyers Specialize in Offshore Voluntary Disclosure

OVDP Lawyers

The Offshore Voluntary Disclosure Program was great program designed to bring US Taxpayers with undisclosed offshore assets, investments, accounts and income into US Tax Compliance.  Our Board-Certified International Tax Counsel specializes exclusively in offshore voluntary disclosure of previously unreported foreign assets, accounts, investments and income. The acronym OVDP specifically refers to the Offshore Voluntary Disclosure Program. The program was designed to bring taxpayers into offshore compliance for foreign accounts, assets, investments, and income.  The program was closed in 2018, but a newer version of the traditional voluntary disclosure program (VDP) was introduced in 2018-2019 as well.  Golding & Golding represents clients nationwide and worldwide (in over 80 different countries) in disclosing offshore accounts, assets, investments & Income. With the IRS taking an aggressive position on matters involving foreign accounts compliance and unreported foreign income — compliance is crucial to avoid offshore fines and penalties. The new updated VDP provides additional guidance on voluntary disclosures that involve offshore money. Our International OVDP Lawyer team specializes in IRS Offshore Voluntary Disclosure for FATCA, FBAR, and PFIC penalty mitigation. Each case is led by a Board-Certified Tax Law Attorney Specialist (less than 1% of attorneys nationwide).

Common offshore assets and accounts our OVDP Lawyers are retained to disclose include:

• • • Bank Accounts

    • Financial Accounts

    • Specified Assets

    • Pension

    • Life Insurance

    • Mutual Funds

    • ETFs

    • Corporations

    • Partnerships

    • Holding Companies

    • PFIC

    • CFC

Offshore Voluntary Disclosure Programs

The team at Golding & Golding has represented thousands of Taxpayers in over 80-countries with Offshore Voluntary Disclosure, including:

• • • Voluntary Disclosure Program (VDP or “New” OVDP)

    • Streamlined Domestic Offshore Procedures

    • Streamlined Foreign Offshore Procedures

    • Delinquency Procedures

    • Reasonable Cause

Golding & Golding: OVDP Lawyer Team

The OVDP Lawyers at Golding & Golding represent clients nationwide and worldwide (in over 80 different countries) in disclosing offshore accounts, assets, investments & Income. With the IRS taking an aggressive position on matters involving foreign accounts compliance and unreported foreign income — compliance is crucial to avoid offshore fines and penalties. The new updated VDP provides additional guidance on voluntary disclosures that involve offshore money. 

Common offshore assets and accounts our OVDP Lawyers are retained to disclose include:

• • • Bank Accounts

    • Financial Accounts

    • Specified Assets

    • Pension

    • Life Insurance

    • Mutual Funds

    • ETFs

    • Corporations

    • Partnerships

    • Holding Companies

    • PFIC

    • CFC

Taxpayers (in the U.S. and abroad) who are out of IRS compliance with Foreign and Offshore Account reporting should retain an experienced dual Attorney/Enrolled agent  IRS Offshore Disclosure Attorney team to assist them.  Even though OVDP has ended, If you are willful, the Internal Revenue Service has updated post-OVDP procedures, which are detailed in the Internal Revenue Manual.

International Tax Law: Board-Certified Tax Law Specialist

Golding & Golding specializes exclusively in international tax, and specifically IRS offshore disclosure. 

Contact our firm today for assistance with getting compliant.