By: Editorial Staff, Date: July 26th, 2022
Time to get compliant with the IRS Voluntary Disclosure Program to avoid unnecessary headaches and tax liabilities. Are you qualified or not? Find out in this infographic!
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Up-Close Look at the New IRS Voluntary Disclosure Program: Unravelling New Provisions and Hot Issues
The aggressive focus against tax evasion and other criminal activities around the globe is likely to continue. In the U.S., the crackdown on taxpayers who fail to report offshore financial assets and accounts remains to be a top priority for the Internal Revenue Service (IRS) Criminal Investigation Department, including non-compliant virtual currency that should be disclosed under the expanded cryptocurrency reporting.