What does OVCI stand for?

Offshore Voluntary Compliance Initiative (Internal Revenue Service)

This definition appears very rarely and is found in the following Acronym Finder categories:

Military and Government

Other Resources:

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Operational Voltage-Controlled Element (audio engineering) Ohio Valley Creation Education Association Ohio Valley Construction Employers Council, Inc. Onondaga Venture Capital Fund (Syracuse, NY; est. 1985) Ontario Venture Capital Fund (limited partnership: Ontario, Canada government and institutional investors) Osteoporotic Vertebral Compression Fracture Owen Valley Christian Fellowship (Spencer, IN) Ojai Valley Community Hospital (Bakersfield, CA) Online Vacation Center Holdings Corp Ohio Valley Community Health Information Network (now Netwellness; Cincinnati, OH)		Online Video Communications, Inc. Odyssey Video Communications Ltd. (Bangalore, India) Orkhon Valley Cultural Landscape (Germany) Optic Vesicle Conditioned Medium Ohio Valley Christian Music Association (Lower Salem, OH) Okanagan Valley College of Massage Therapy Ltd. (Canada) Office of the Vice Chancellor for Research Ofsted Voluntary Childcare Register (UK) Office for Victims of Crime Resource Center Office of the Vice Chancellor for Research and Development

Samples in periodicals archive:

The IRS's Offshore Voluntary Compliance Initiative allowed partial amnesty until April 15, 2003, but some interested taxpayers may still be able to work out a voluntary compliance arrangement with the IRS (see the AICPA Tax Division's International Tax Resource Panel's Reporting Requirements Task Force guides on the IRS offshore voluntary compliance initiative, available to Tax Section members at http://tax.

Foreign bank and financial account information reporting deadline near

In addition, "abusive tax shelter transactions" that were eligible for relief under California's Voluntary Compliance Initiative or the 2003 IRS Offshore Voluntary Compliance Initiative are not eligible for amnesty.

New, Severe California Penalties for Taxable Years Before January 1, ...

Amnesty is open to all individuals and businesses, except taxpayers under criminal investigation or prosecution on tax-related matters, and abusive tax shelter transactions that were eligible for relief under California's Voluntary Compliance Initiative or the 2003 IRS Offshore Voluntary Compliance Initiative," she said.

Busy year ahead: tax amnesty program and pro forma pilot among year's ...

It is also not available for abusive tax shelter transactions that were eligible for relief under California's Voluntary Compliance Initiative or the 2003 IRS Offshore Voluntary Compliance Initiative.

Alert: California Amnesty

The following taxpayers or transactions are not eligible for amnesty: * Taxpayers under criminal investigation or prosecution on tax-related matters; and * Abusive tax shelter transactions that were eligible for relief under California's Voluntary Compliance Initiative or the 2003 IRS Offshore Voluntary Compliance Initiative.

Tax amnesty q&a: preliminary information on the FTB and BOE's 2005 ...

According to IR 2003-46, 10 states will grant special consideration to taxpayers who applied by April 15, 2003 for the IRS's Offshore Voluntary Compliance Initiative (OVCI).

OVCI. (From The IRS)

Taxpayers have until April 15, 2003, to request to participate in the IRS' Offshore Voluntary Compliance Initiative as detailed in IRS Revenue Procedure 2003-11.

No Jeopardy for State Taxpayers Who Participate in the IRS' Offshore ...

Moreover, transactions considered "abusive tax avoidance transactions" eligible for relief under California's Voluntary Compliance Initiative (VCI), which ran from January 1, 2004 through April 15, 2004, or the 2003 IRS Offshore Voluntary Compliance Initiative are not eligible for amnesty.

The Devil in the Details: The Income/Franchise Component of ...