In 2009, the Internal Revenue Service started the first-round “Offshore Voluntary Disclosure Program (OVDP).” On February 22, 2011, the IRS announced the second-round “Offshore Voluntary Disclosure Initiative (OVDI)”, which was ended on September 9, 2011. In 2012, the IRS started the new third-round “Offshore Voluntary Disclosure Program (OVDP)”, which is open-ended but could close in the future if the IRS decides to.
Sing Tao Daily
June 21, 2011: Read May Ho's article "Avoid Severe Penalty, Don't Miss the OVDI 8/31 Deadline" (Chinese)
World Journal Weekly
On March 6, 2011, May Ho’s article “How to Deal with the Second Round Voluntary Disclosure Initiative?” was published in World Journal magazine issue No. 1407 “The U.S.’s Inescapable Dragnet, Taxes on Foreign Accounts.” (Cover Page)
Special report on voluntary disclosure. May Ho, CPA's article is one of the cover story. (Read Article) (Chinese).
On March 13, 2011, May Ho’s article “Hiding Foreign Investments? The IRS May Take All of Your Assets" was published in World Journal magazine issue No. 1408.
Special report on voluntary disclosure. (Read Article) (Chinese).