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New IRS Offshore Account Program
OVDP offered taxpayers whose conduct was considered “willful” as to the nonreporting of foreign income with a path to compliance and more importantly an opportunity to diminish the threat of criminal charges they may face upon discovery by the IRS.![](https://i0.wp.com/biltgroup.net/wp-content/uploads/2019/11/Gary-Bryant-e1574291198824.jpg?resize=150%2C150&ssl=1)
India and U.S. Sharing Banking Information – New Agreement Signed
India’s banks and financial institutions will start sharing banking information with the U.S. tax authorities.![](https://i0.wp.com/biltgroup.net/wp-content/uploads/2019/11/Gary-Bryant-e1574291198824.jpg?resize=150%2C150&ssl=1)