Voluntary Disclosure
Program (VDP)
Voluntary Disclosure Program (VDP)
If you have unreported foreign income, undisclosed offshore accounts, or potential willful reporting violations, the IRS Voluntary Disclosure Program may offer a structured path toward compliance.
Margolies Law Office represents taxpayers seeking to correct serious international reporting issues while reducing the risk of criminal investigation.
What Is the Voluntary Disclosure Program
The Voluntary Disclosure Program is designed for taxpayers who may have willfully failed to report foreign income or assets. It allows eligible individuals to come forward before the IRS initiates an investigation.
Participation may help avoid criminal prosecution, though civil penalties may still apply.
When VDP May Be Necessary
VDP is often appropriate when:
- Foreign accounts were intentionally not reported
- Income was knowingly omitted
- Prior filings contain material misstatements
- There is concern about potential criminal exposure
Margolies Law Office conducts a confidential evaluation to determine whether VDP is the appropriate compliance path.
The Importance of Legal Representation
VDP submissions require full financial disclosure and detailed reporting of offshore income. Errors or incomplete disclosures can create additional exposure.
Margolies Law Office prepares strategic submissions designed to protect clients while satisfying IRS requirements.
If you have concerns about prior offshore reporting and need guidance under the Voluntary Disclosure Program, call (469) 626-7760 to schedule a confidential consultation.
TESTIMONIALS
“ Andrew Margolies did a great job for my mom who had paid her taxes, but the IRS failed to associate the payment with her account. She kept getting letters demanding payment with accrued interest and fees even though they had cashed her check.
After Andrew started working on it, the letters stopped. We were notified there had been a credit to my mom’s account, and finally the payment was properly applied with a zero balance. She is even receiving a refund.
We’re very happy with Andrew and would highly recommend him.”
T B.
“I came to Andrew Margolies with a significant IRS issue that I had been losing sleep over for months. I spoke with Jennifer on the phone, got in the same day for a consultation, and had a full resolution within 2 business days for a reasonable price. Andrew did exactly what he said he was going to do and provided me with a thorough resolution.
Being 9 months pregnant, Andrew was extremely sensitive to my timeline urgency and was on the phone with me at 5pm on a Friday helping me with my case.
Before meeting with Andrew, I called around to 10 different offices. All of those interactions felt like a sales funnel and a money grab. I can’t explain the relief I have having chosen to work with Andrew and having a resolution within days. We’re absolutely thrilled with the value and the experience.”
C S.
“100% recommended. I had a problem regarding my tax return since the beginning of 2023 and had been trying to follow up myself until 2025 with no progress. I decided to work with Attorney Andrew and Jennifer and in less than a month my problem was solved.
Attorney Andrew is very knowledgeable with reasonable fees and Jennifer is very responsive to all requests and questions. Most importantly they have business ethics. I will not look further if I have any more tax problems.”