Megan L. Brackney moderated the panel titled "The IRS Voluntary Disclosure Program: Past, Present, And Future" at the 10th Annual NYU Tax Controversy Forum

The Offshore Voluntary Disclosure Program, one of the IRS’s most successful tax compliance and enforcement programs ever, is scheduled to end on September 28, 2018. However, the IRS has had a general voluntary disclosure policy for decades. Many taxpayers are surprised to learn that they also can make a voluntary disclosure to correct domestic non-compliance as well as international non-compliance. How do domestic voluntary disclosures work and how will the general voluntary disclosure policy apply in cases of unreported foreign assets?

This panel walked through the options and considerations for correcting domestic, as well as international, non-compliance after September 2018.

Moderator: Megan L. Brackney, Esq., Partner, Kostelanetz & Fink, New York, NY

Thomas E. Bishop, Senior Manager, National Forensic, Litigation and Valuation Services, Baker Tilly Virchow Krause, New York, NY
Larry A. Campagna, Esq., Shareholder, Chamberlain, Hrdlicka, White, Williams & Aughtry, PC, Houston, TX
James D. Robnett, Special Agent-in-Charge, Internal Revenue Service, Criminal Investigation, New York Field Office, New York, NY