Offshore Disclosure Program Makes $5 Billion (Infographics)

Posted  440 Views updated 2 years ago

In this cool infographics, you can easily see why FBAR is such a big deal.  IRS has made over $5 billion dollars from offshore 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 the IRS to grow its OBDI program.  IRS is also hiring more agents to ensure better compliance while slowly increasing the penalties for those ignoring the law.

Offshore Disclosure Program Makes $5 Billion (Infographics)
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