2011 Voluntary Disclosure Initiative (OVDI) for Unreported Offshore Accounts

There has recently been a flurry of press surrounding the IRS' announcement of a new 2011 Voluntary Disclosure Initiative (OVDI) for offshore accounts. This program is part of the Department of Justice's targeting of offshore bank account holders who fail to report income associated with the account on their U.S....

Collection News: The Internal Revenue Announces Changes to its Collection Program

On February 24, 2011, the IRS issued a press release announcing the steps it is taking to make its collection program to help individuals and businesses meet their tax obligations without adding an unnecessary tax burden to taxpayers.  IRS Commissioner Doug Shulman stated, "these steps are in the best interest...