• OVDP Declines-Withdrawals Campaign
The Offshore Voluntary Disclosure Program allows U.S. taxpayers to voluntarily resolve past non-compliance related to unreported offshore income and failure to file foreign information returns. The campaign addresses OVDP applicants who applied for pre-clearance into the program but were either denied access to OVDP or withdrew from the program of their own accord. The IRS will address continued noncompliance through a variety of treatment streams including examination.The article has the other categories, so interested readers should go there.
The article notes in concluding:
These campaigns represent the first wave of LB&I's issue-based compliance work. The IRS said more campaigns will continue to be identified, approved and launched in the coming months.JAT Comment: I am not sure what this adds to the current process. I had only two OVDP submissions that were not completed -- one denied and one withdrawn. Both were audited with good results -- in the denied case, ended up with same result as OVDP (which is what we wanted in the first place) and the other got a great result (which we anticipated in withdrawing). So my limited anecdotal experience is that the IRS was attending to this category anyway. But, perhaps the IRS had fallen behind or some were slipping through the cracks.
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