IRS amnesty programs for late filers, including the Streamlined Procedures and voluntary disclosure.
This past week, the IRS announced that over 100,000 taxpayers have now participated in its disclosure programs, which have been available to delinquent filers since 2009. More specifically, according…
Read MoreRecently, the IRS updated its Frequently Asked Questions and Answers page for the IRS Streamlined Program to include a new section on amending Streamlined submissions. Since the inception of the IRS…
Read MoreSince their inception in 2009, the IRS tax amnesty programs have been fairly successful in encouraging delinquent taxpayers to come forward and disclose their offshore activities to the IRS. As the…
Read MoreFor most U.S. citizens living abroad, life is pretty good – at least that’s what the latest statistics are telling us. In a 2015 survey of thousands of expats worldwide, a whopping 81% responded that…
Read MoreU.S.-resident taxpayers who own all or part of a foreign corporation or trust may be required to attach certain international information forms, such as the Form 5471 or 3520, to their federal income…
Read MoreCurrently, an estimated 8.7 million U.S. citizens are living abroad. (1) A growing number of these expats have begun to realize that their U.S. tax obligations did not end upon their change in…
Read MoreAs a U.S. expat, you may have heard about the latest and greatest IRS amnesty program available for delinquent U.S. taxpayers known as the “streamlined procedures.” What you may not know is that if…
Read MoreIf you are a U.S. citizen living abroad, here’s the good news – you actually belong to a group that fares significantly better financially than your counterparts still living in the United States.…
Read MoreIf you are a U.S. citizen or resident with an offshore account and have been delinquent in filing the FBAR , a relatively painless solution may be available to you. But before we get to the good…
Read MoreThe Delinquent International Information Return Submission Procedures are a new alternative to the OVDP & Streamline Program. It is a great way for U.S. expats to catch up on their past tax returns.
Read MoreOn June 18th, the IRS announced significant changes to the current IRS Streamlined program. As many of you may know, since June 2012, delinquent U.S. expats were afforded the opportunity to catch up…
Read MoreIn our previous blogs in this series, we discussed the two main ways U.S. expats can address their tax delinquency in the U.S. We discussed using the Streamlined procedure (assuming you qualify) as…
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