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good afternoon this is sean golden with gold lean golden here to discuss some of the basics of the new offshore voluntary disclosure program unfortunately theres a bunch of horrible information online its inaccurate and its designed to fear monger or scare taxpayers when thats not necessary so why dont we go through the new offshore voluntary disclosure program and how it works so the traditional voluntary disclosure programmer vdp has been on the books forever and due to the increase or the surge of offshore cases in the and the us government going off after people who have unreported offshore accounts assets investments there was an offshoot of the program that was designed i think back in 089 it was ovdi and then changed to ovdp it was primarily for taxpayers who had offshore unreported assets and income you could also include your domestic in there as well but that program ended in september of 2018 but that doesnt mean offshore voluntary disclosure has ended and in fact what
