OVDP reopen for 2012 - 美國

今年特別累人.
一般預計2013年開始執法讓海外銀行揭露美國人的存款資料給IRS.
普通申報的三種表格:

1. Form 8938
2. TDF 90-22.1 (FBAR)
3. Form 5471

Penalty $10,000起

這應該是2013年來到之前的最後一波.
如果不想掙扎,要放棄綠卡或公民的話, 要記得放棄後連續
申報10年的Form 8854.
Penalty for each year failed to file is $10,000 for that year.

http://www.irs.gov/newsroom/article/0,,id=252162,00.html

The overall penalty structure for the new program is the same for 2011,
except for taxpayers in the highest penalty category.

For the new program, the penalty framework requires individuals to pay a
penalty of 27.5 percent of the highest aggregate balance in foreign bank
accounts/entities or value of foreign assets during the eight full tax years
prior to the disclosure. That is up from 25 percent in the 2011 program. Some
taxpayers will be eligible for 5 or 12.5 percent penalties; these remain the
same in the new program as in 2011.

Participants must file all original and amended tax returns and include
payment for back-taxes and interest for up to eight years as well as paying
accuracy-related and/or delinquency penalties.

Participants face a 27.5 percent penalty, but taxpayers in limited situations
can qualify for a 5 percent penalty. Smaller offshore accounts will face a
12.5 percent penalty. People whose offshore accounts or assets did not
surpass $75,000 in any calendar year covered by the new OVDP will qualify for
this lower rate. As under the prior programs, taxpayers who feel that the
penalty is disproportionate may opt instead to be examined.

The IRS recognizes that its success in offshore enforcement and in the
disclosure programs has raised awareness related to tax filing obligations.
This includes awareness by dual citizens and others who may be delinquent in
filing, but owe no U.S. tax. The IRS is currently developing procedures by
which these taxpayers may come into compliance with U.S. tax law. The IRS is
also committed to educating all taxpayers so that they understand their U.S.
tax responsibilities.

More details will be available within the next month on IRS.gov. In addition,
the IRS will be updating key Frequently Asked Questions and providing
additional specifics on the offshore program.



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Our Father who art in heaven, hallowed be thy name.
Thy kingdom come. Thy will be done on earth as it is in heaven.
Give us this day our daily bread, and forgive us our trespasses,
as we forgive those who trespass against us,
and lead us not into temptation, but deliver us from evil

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