IRS’s 2011 OVDI (Offshore Voluntary Disclosure Initiative)


I have helped hundreds of people successfully navigate from the US to Canada. If you're thinking of moving or retiring to Canada contact me today to chat about your plans.

I can be reached via email at, by phone at 250-661-9417 or through my contact page here.

I look forward to speaking to you soon.

Phil Hogan, CPA, CA, CPA (CO)
Cross-Border Tax and Investment Specialist

As many of you are already aware the Internal Revenue Service has launched (February 2011) a new Offshore Voluntary Disclosure Initiative. This initiative is similar to the 2009 Voluntary Disclosure Initiative, however some changes have been made. First, the IRS is has increased the non-disclosure penalty on the TDF 90-22.1 late filings to 25% and they have introduced reduced penalties of 12.5% and 5% for taxpayers that meet certain criteria.

For more information please contact Phil Hogan at 250-381-2400 or visit here.


Please enter your comment!
Please enter your name here