So, you haven’t filed in awhile?
No reason to worry, we are here to help!
Basically, most US expats owe little or no tax. No tax…no penalties, so filing late issues can usually be easily resolved.
In addition to other voluntary disclosure programs, the IRS is currently offering THE STREAMLINED PROGRAM to late filers. If you have been offshore for at least 3 years you may qualify for this penalty free late filing program. Basic requirements include:
- Filing the last 3 years of returns, plus current year
- Six years of FBARS, as applicable if you have has $10,000 or more in foreign banks
- Streamlined disclosure statement
Contact the IRS before they contact you!
For those taxpayers who need it, we can calculate interest, penalties and set up payment arrangements.