On Friday, in anticipation of the impact of Hurricane Irene, the IRS announced that it would extend the deadline for offshore voluntary disclosure initiative (OVDI) requests from August 31, 2011 until September 9, 2011. Taxpayers considering the OVDI program and who wish to take advantage of the extended due date for filing should take note that they are required to send two separate requests to two different IRS offices as noted below.
[Update 8/29/11] - The IRS clarifies that the September 9, 2011 extension also applies to taxpayers filing FBARs pursuant to FAQs 17 and 18.
Taxpayers with undisclosed offshore accounts who have yet to submit a request to participate in the program (and the necessary supporting documentation) now have until September 9, 2011 to:
- Send identifying information to the Criminal Investigation office. The required identifying information is name, address, date of birth, and social security number. Voluntary filers are also asked to send as much of the other information requested in the Offshore Voluntary Disclosures Letter as possible. Requirements of the OVDI Letter can be found here. This information must be sent to:
Offshore Voluntary Disclosure Coordinator
600 Arch Street, Room 6404
Philadelphia, PA 19106.
- Send a request for a 90-day extension for submitting the complete voluntary disclosure package of information to the Austin campus. Information about the complete OVDI disclosure packet can be found here. This request must be sent to:
Internal Revenue Service
3651 S. I H 35 Stop 4301 AUSC
Austin, TX 78741
ATTN: 2011 Offshore Voluntary Disclosure Initiative