IRS extends deadline for second offshore voluntary disclosure offer

In light of Hurricane Irene, IRS extended the due date for 2011 OVDI requests until Sept. 9, 2011. Taxpayers who have not yet submitted their request or any documents must, by the extended Sept. 9 due date, (i) submit certain identifying and other information requested in the Offshore Voluntary Disclosures Letter to the Criminal Investigation (CI) office, and (ii) send a request for a 90-day extension to submit the complete voluntary disclosure package.

Taxpayers who are unable to complete their Offshore Voluntary Disclosures Letter and send it to CI by Sept. 9 are advised to submit their identifying information and as much of the other requested information as possible by Sept. 9. This incomplete letter should be amended to add any missing information and re-submitted as quickly as possible. (FAQ 24.1)
Taxpayers who are unable to make a complete submission by Sept. 9 are instructed to submit a written request for an extension by that date. The written request must include certain identifying information and as much of the information described in FAQ 25 (see Federal Taxes Weekly Alert 06/09/2011) as possible. The request should also include a statement of the items that are missing, an explanation of why they are missing, and the steps taken to secure them. (FAQ 25.1)
The IRS statement of deadline extension and OVDI FAQs can be viewed on the IRS website at,,id=235699,00.html.

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The attorneys at the Beliveau Law Group provides legal services for estate planning (wills and trusts), Medicaid (planning and applications), probate (estate and trust administration), business law (formation and operation), real estate (residential and commercial), taxation (federal and state), and civil litigation (in connection with these practice areas). The law firm has offices and attorneys in Naples, Florida; Boca Raton, Florida; Danvers, Massachusetts; Waltham, Massachusetts; Quincy, Massachusetts; Manchester, New Hampshire and Salem, New Hampshire.

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