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Blog Post: IRS Offshore Voluntary Disclosure Program Collects More Than $5 Billion
Jul 18, 2012
The IRS announced on June 26 that it has now collected more than $5 billion in revenue from its offshore voluntary disclosure program, which seeks compliance from individuals who had not previously reported offshore accounts. GRF Tax Partner Troy Turner recently published a blog post discussing how the OVDP works and what to expect from it. Read IRS Offshore Voluntary Disclosure Program Collects More than $5 Billion in Tax Obligations for more information.