A reader has asked that I posit a question to fellow readers who hopefully will offer some feedback either by way of comment or by emailing to me (email@example.com) and I will forward the email to the person making this request. The question is:
Have you been able to exclude from the OVDI/P penalty base temporary funds parked in a foreign bank account? By temporary, I mean that the funds are in the account only for a day or two and did not earn any interest. The funds came from fully U.S. tax compliant sources and went to a fully U.S. tax compliant destination after the temporary stop in the noncompliant foreign account.Readers who can and will answer that question, please do so in the ways indicated above. If possible, the reader asking this question would prefer to be able to establish contact with the readers providing answers (via emailing me), but if the authors desire anonymity, they can still provide meaningful feedback by making comments to this blog.