The IRS Streamlined Procedures
Our flat fee of $1800 includes the preparation of 3 previous tax returns, 6 previous FBAR forms, and guidance and review of your non-willful statement. Please note that this fee applies to our basic Streamlined Package. Should you require special information reporting, such as Form 8938 (FATCA), Form 5471 (ownership in foreign corporations), Form 3520 (foreign trusts) and the like, additional fees may apply.
For more information on the IRS Streamlined Procedures, including detailed FAQs, please visit our page dedicated to this topic: IRS Streamlined Procedures
Other IRS Amnesty Programs
These options include:
- Voluntary disclosure program
(for taxpayers who are concerned that their delinquency might be viewed by the IRS as willful and who seek to avoid potential criminal penalties)
- Relief procedures for certain former citizens
(for accidental Americans who have renounced or plan to renounce their US citizenship and want closure with their IRS filing obligations)
Form-Specific IRS Amnesty Programs
Delinquent FBAR Submission Procedures (“DFSP”)
For U.S. expats who are delinquent only with respect to the FBAR, the DFSP offers an easy process for submitting late FBARs without being subject to penalties.
In order to be eligible for the program, you need to meet the following criteria:
- you are not required to submit missing or amended tax returns (because all income was properly reported on your original returns);
- you are not under a civil examination or a criminal investigation by the IRS; and
- you have not been contacted by the IRS regarding the delinquent FBARs.
Delinquent International Information Return Submission Procedures (“DIIRSP”)
These procedures offer an easy process for those who do not need to use one of the main IRS amnesty programs to file delinquent or amended tax returns to report and pay additional tax, but who:
- have not filed one or more required international information returns (e.g., Form 5471 or Form 3520);
- have “reasonable cause” for not timely filing the information returns;
- are not under a civil examination or a criminal investigation by the IRS; and
- have not already been contacted by the IRS about the delinquent information returns.