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Video instructions and help with filling out and completing Can Form 3520 Amended

Instructions and Help about Can Form 3520 Amended

You allow P iris medic and I have a pretty big update for today. The IRS ended the Oh VDP program on Sept 1, in September 28th of this year, and we've known that for a while. So we've been speculating exactly what is the IRS going to do with no program in place. We were sort of stuck with the old rules that you basically just submit a voluntary disclosure to get rid of criminal exposure and then sort of let's see what the IRS will do on civil examinations. But now we have some clarity. A letter, a memorandum, written on November 20th, 2018, you see the the PDF that was there, here's that here it is in a text format up here on those sites, so just follow that link in the description below. Some of the interesting things that we see are that there's not really this set-in-stone penalty structure, we really have a lot of discretion by the IRS, so I'm gonna run through them. The new procedures for Oh VDP again, we're only talking about those who need full protection, this does not apply to the streamline rules. Those have not changed, those were announced in 2014, pretty much have stayed the same since then. The IRS has not said that they're gonna close that down at any point, they mention it in passing that at some point it might end which kind of makes sense. So this is how the 2018 Oh VDP will now work. You send an initial preclearance to, you send that to IRS Criminal Investigations and after a preclearance is granted, by the way, this is true if you're making a voluntary disclosure for just domestic stuff too, the processes are very, very similar. So you send a preclearance...