To my knowledge there is no Foreign House Report (FHR). Did the IRS just make this up?
Tag Archives: 2009 OVDP
The OVDP Drudgery for Minnows
Just Me offers advice to newbies to the subject of FBAR compliance and OVDP considerations. To join or not to join. That is the question. This is a must read post.
A link to his Case Study of Communication with the IRS through the entire 851 day process is here.
An Offshore Voluntary Disclosure Program (OVDP) Minnow "Opt Out" Success by Moby
Petros has convinced me to try my hand at doing my own posts, so here goes.
Thought I would start with this one. It relates to a recent “victory” of a financial sort for someone who joined the OVDP program back in 2009. We knew him as Moby.
After 27 long months, he won a long struggle with the IRS bureaucracy. He did not “just roll” over and pay out the absurd OVDP penalties designed for willful Whales. Instead he “Opted Out” of the process. This represents a real success if you don’t count the cost in LCUs (life credit units) that he expended in his effort.
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Just Me writes on the question: Has the IRS stolen my life?
Just Me has written a lengthy response to the question, Has the IRS stolen your life? This is an important statement from the most famous minnow in the 2009 Overseas Voluntary Disclosure Program, about whom Amy Feldman wrote in her Reuters article. The IRS fined him $172,000 but the Tax Advocate Service managed to have it reduced to a non-wilful fine of $25,000. We are grateful for the contributions that Just Me has made to the Isaac Brock Society.
