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The Offshore Voluntary Disclosure Program (OVDP) is closed
See IRS Criminal Investigation Voluntary Disclosure Practice, for the most current voluntary disclosure procedures.
The Offshore Voluntary Disclosure Program (OVDP) is a voluntary disclosure program specifically designed for taxpayers with exposure to potential criminal liability and/or substantial civil penalties due to a willful failure to report foreign financial assets and pay all tax due in respect of those assets. OVDP is designed to provide to taxpayers with such exposure (1) protection from criminal liability and (2) terms for resolving their civil tax and penalty obligations.
For complete information about the Offshore Voluntary Disclosure Program, please go to 2012 Offshore Voluntary Disclosure Program.