September 28, 2009 - Phil Hodgen

CI Office Speedometer – North Carolina

OK. Speedometer readings in the Voluntary Disclosure Program aka Offshore Bank Account Amnesty.

Submission to North Carolina 14 September 2009. Received voice mail for tentative clearance today, 28 September 2009.

Next, we turn to the essay answer portion of this quiz. 🙂


Background for those who are not versed in the process. Here’s how it works.

  • We send a one-page letter to IRS Criminal Investigations–this one went by FedEx–to start the Voluntary Disclosure process.
  • Someone at the IRS then does a database check. It’s a Wizard of Oz thing. A decision is made. Either the taxpayers are tentatively accepted for the Voluntary Disclosure program (nothing weird shows up from the database check) or not.

This process took 2 weeks in North Carolina. I’m impressed.

For those taxpayers who clear the database search, the next stage in this process is that we will do the long-form disclosure to IRS Criminal Investigations using their sample letter. (Caution: Word document).

Memo to all personnel: you don’t get extra points for pretty. Use their horribly ugly Word document. They recognize it.

Voluntary Disclosure