How to Make an Offshore Voluntary Disclosure
The Offshore Voluntary Disclosure Program (OVDP) is offered to those taxpayers with undisclosed offshore accounts or assets. Please follow the process outlined below. You should refer to How to Make a Domestic Voluntary Disclosure if the undisclosed accounts are domestic in nature.
Taxpayers or representatives may fax to the IRS Criminal Investigation Lead Development Center at (267) 941-1115 the following:
(a) Applicant identifying information including complete names, dates of birth (if applicable), tax identification numbers, addresses, and telephone numbers.
(b) Identifying information of all financial institutions at which undisclosed OVDP assets (see FAQ 35) were held. Identifying information for financial institutions includes complete names (including all DBAs and pseudonyms), addresses, and telephone numbers.
(c) Identifying information of all foreign and domestic entities (e.g., corporations, partnerships, limited liability companies, trusts, foundations) through which the undisclosed OVDP assets (see ) were held by the taxpayer seeking to participate in the OVDP; this does not include any entities traded on a public stock exchange. Information must be provided for both current and dissolved entities. Identifying information for entities includes complete names (including all DBAs and pseudonyms), employer identification numbers (if applicable), addresses, and the jurisdiction in which the entities were organized.
(d) Executed power of attorney forms (if represented).
In the case of jointly filed returns each spouse should request preclearance.
IRS Criminal Investigation will then notify taxpayers or their representatives via fax whether or not they have been cleared to make a voluntary disclosure using the Offshore Voluntary Disclosures Letter (Form 14457) and attachment (Form 14454). Taxpayers or representatives with questions regarding the OVDP procedures can call (267) 941-1607.
Note: Pre-clearance does not guarantee a taxpayer acceptance into the Offshore Voluntary Disclosure Program.
Offshore Voluntary Disclosure Letter
If the taxpayer chooses to submit a pre-clearance request, after the taxpayer receives a pre-clearance notification, the taxpayer will have 45 days from the date of that notification to complete the Offshore Voluntary Disclosure Letter and attachment (Forms 14437 and 14454). If the taxpayer chooses to bypass the pre-clearance process, the taxpayer must mail the Offshore Voluntary Disclosures Letter and attachment(s) (Forms 14457 and 14454) to the following address:
Internal Revenue Service
ATTN: Offshore Voluntary Disclosure Coordinator
Philadelphia Lead Development Center
2970 Market Street
Philadelphia, PA 19104
The IRS will review the Offshore Voluntary Disclosures letter and attachment(s) and notify the taxpayer or representative by fax whether the voluntary disclosure has been preliminarily accepted or declined.
Complete Voluntary Disclosure Package
Once the voluntary disclosure has been preliminarily accepted, the taxpayer should send the full voluntary disclosure package to:
Internal Revenue Service
3651 S. I H 35 Stop 4301 AUSC
Austin, TX 78741
ATTN: 2014 Offshore Voluntary Disclosure Initiative