OVDP Archives - Schwartz International

IRS tax forms stamped with "OVERDUE" in red ink

IRS Policy Changes Related to Delinquent International Information Returns

Leave a Comment / Firm News, International Accounting, International Business, News & Blog, Uncategorized / By Marc Schwartz

The IRS changed its policy related to filing late international information returns. On November 5, 2020 many practitioners were surprised to see the former Delinquent International Information Return Submission Procedures webpage had changed significantly. [Compare the new site – versus the version in effect March 13, 2020]. Prior, qualifying taxpayers would include a Reasonable Cause […]

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Marc & Simone discuss GILTI and FDII rules at the North Atlanta Tax Council

Leave a Comment / Firm News, International Business, International Law, International Tax, News & Blog, Team News, Uncategorized / By Marc Schwartz

Marc Schwartz and Simone Alting were pleased to be invited to present an update on international tax topics to the North Atlanta Tax Council (NATC) on January 18. They discussed a broad overview of the policies the law is intended to support, including the concept that tax changes might motivate companies to “move jobs back

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New International Voluntary Disclosure Rules

Leave a Comment / International Law, International Tax, News & Blog, Uncategorized / By Marc Schwartz

For several years we have worked with taxpayers who may not have been in compliance with the complex US rules for reporting global income and disclosing foreign financial data. Avenues to bring taxpayers into compliance historically focused on the Offshore Voluntary Disclosure Program (OVDP)and more recently the Streamlined Filing Compliance Procedures (SFCP), the delinquent FBAR

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What the Panama Papers Should Mean to You

Leave a Comment / Firm News / By Marc Schwartz

In the link below, The Guardian provides a user-friendly background to the “Panama Papers” in which someone(s), in a release of data reminiscent of WikiLeaks, apparently leaked(?) / hacked(?) / stole(?) [it’s too early to tell] a Panamanian law firm’s documents related to the firm’s association with more than 200,000 companies. While it is unclear whether the

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Schwartz International Radio Broadcast on Global Tax

Leave a Comment / Firm News, International Business, International Law, International Tax / By Marc Schwartz

Schwartz International was pleased to participate in Steve Kilpatrick’s radio show on Business Radio X to discuss global tax issues for businesses and individuals. Steve and Marc discussed international tax issues ranging from common problem spots and mistakes to complex planning and implementation and also included details on the IRS’ Offshore Voluntary Disclosure Program

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