In this cool inforgraphics, you can easily see why FBAR is such a big deal. IRS has made over $5 billion dollars from off shore volunteer disclosure scheme. That is lots of money. So far only 33,000 people have come cleaned using OBDI. This leaves lots of room for IRS to grow their OBDI program. IRS is also hiring more agents to ensure better compliance while slowly increasing the penalties for those ignoring the law.
Tags: FBAR, obdi, offshore volunteer disclosure
June 30th, 2012
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