Offshore Voluntary Disclosure Program Offers Amnesty for U.S. Taxpayers

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The Offshore Voluntary Disclosure Program offers U.S. taxpayers the opportunity to come into compliance with U.S. federal foreign reporting obligations. The current program does not have a filing deadline, but the IRS may close the program at any time. A U.S. individual or company is required to file a Report of Foreign Bank and Financial Accounts (Form TD F 90-22.1) if the U.S. person owns or has a financial interest in a foreign account and the highest balance or value of all foreign accounts combined is greater than $10,000 during the calendar year. Reportable foreign accounts include: …read more

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Aronson LLC has been thinking ahead for its clients for more than 50 years. Aronson’s construction, real estate, government contracting, nonprofit, technology and private industry experts provide innovative audit, tax, and consulting services that help its clients move to the next level. From start-up to exit strategy, Aronson works with companies throughout the entire business lifecycle by proactively identifying opportunities and addressing challenges so that clients are able to focus on their core business. Aronson shows companies how to rethink everything to be more profitable, more competitive and better prepared for the future.

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