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Posts Tagged California OVDP lawyer

OVDP Penalties – 27.5%? 12.5%? 5%?

by Brian Mahany Folks not familiar with the current IRS tax amnesty program for unreported offshore accounts are often confused about how much in penalties will be collected if they successfully enter the program. Assuming one qualifies, the program has a three tiered penalty system. Before discussing the penalties, some history of the program is [...]

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