Streamlined Amnesty Program
IRS Streamlined Amnesty Program Frequently Asked Questions.
✔ It’s an official IRS catch up program, designed
for Americans that live outside of the United
✔ The official program name is the IRS Streamlined
Offshore Compliance Procedure. It’s a temporary
program, available now. The IRS will not tell us when
it’s going to end.
✔ It’s for American citizens that didn’t know they had
to file US tax returns each year, and have therefore
fallen behind, some more than 30 years!
Visit the IRS Website to learn more…
✔ In a nutshell, we have to file 2015, 2016 and 2017
US tax returns for you, plus your non-US bank account
reports for the last 6 years (FBARs).
✔ It is complicated, but all the hard work is done on our side,
it really isn’t difficult for you at all.
✔ By using this amnesty program, you can forget about
previous years, the IRS promises not to look back any
further than 2015 as long as you promise to keep filing
each year going forward.
✔ On top of that, the IRS promise no fines and no penalties!
✔ Complete our Streamlined Amnesty Tax Questionnaire
✔ You’ll be contacted by our Client Services Team
✔ We’ll assess your information and let you know what documents
✔ Upload your documents, then sit back and leave the hard
work to us.
✔ Your Streamlined tax return package will be ready in around 20 days.
Filing your US taxes late or failing to report FBARs can subject you to a lot of penalties. The main reason why the Streamlined Tax Amnesty Program is so popular is that it absolves you from any fees and penalties related to late filings and payments. Also, you only have to file the last 3 years of tax returns, even if you haven’t filed for 20 years! Once you’ve completed the program, you’ll be completely tax compliant with the IRS.
The program was originally intended for individual taxpayers who were considered to be “low risk” or had minimal returns to be filed. This excluded a lot of expats which, in turn, did not resolve the problem at hand. Fortunately, the IRS expanded its scope in 2014, paving way for more taxpayers to have access to the said program.
✔ Are a US Taxpayer, residing outside the United States
✔ Are working as an employee or self-employed
✔ Own a company outside of the United States
✔ Have any non-US financial accounts, such as bank account in your local country
✔ Weren’t aware that you needed to file US Taxes while abroad in the first place
Then, the Streamlined Tax Amnesty Program is for you!
Join the 48,000 American Expats who have benefited from this program!
✔ No penalties or late-filing fees
✔ File for only 3-years’ of overdue tax returns
✔ Proven success rate worldwide
Yes, married couples can file for a joint Streamlined procedure, provided that they file together and the spouse has a valid Social Security Number or ITIN. The standard price will still apply whether there is one or two people on the tax returns.
Also, if you have dependent children, check if you’re eligible for the Child Tax Credit Refund.
The filing options will depend on whether or not you have non-reported interest from these bank accounts or if you have other reporting requirements.
If you have reported these returns, you may file the FBARs using the Delinquent FBAR Submission Procedure. If they are unreported, however, you have to file through the Streamlined Foreign Offshore Procedure.
Use the Streamlined Amensty program, we’ll refile your returns correctly, including the correct paperwork and forms for your Company or Partnership.
Read more about 5471
No! Should you choose to go through the Streamlined Procedure, how long you haven’t filed will not be an issue; the IRS will no longer pay attention to neglected tax returns prior to 2015 as long as you promise to file each year going forward.
We will prepare and file your 2015, 2016 and 2017 US tax returns and your non-US bank account reports for the last 6 years (FBARs).
Can I still use the streamlined tax amnesty if I’m planning to move back or have already moved back to the US?
If you have lived at least one year abroad out of the last three years, you can use the US Domestic Streamlined Procedure made for taxpayers who have failed to meet the residency requirement. This is a separate program and some of the benefits are different compared to Offshore Streamlined program.
IRS Streamlined – I Haven’t Filed US Tax Returns For 10 Years…
Should I use the the Streamlined Tax Amnesty Program?
Are you an American citizen or Green Card holder living abroad who has fallen behind on filing their US federal tax returns?
Maybe you didn’t even know you had to file US federal tax returns? You’re not the only one.
Say goodbye to overdue tax returns, late-fees, and penalties!
Thousands of American citizens living abroad have failed to submit their tax returns to the IRS simply because they didn’t know they had to, or they received poor, incorrect advice.
Starting a new life abroad can make us forget our previous responsibilities back in the US. Luckily, you can now start fresh with the IRS Streamlined Offshore Filing Procedure that allows you to catch up on your US taxes from wherever you want to call home.
The US is one of only two countries where the taxation system is citizenship-based, not residency-based like almost every other country, and this leads to the rise in overseas tax delinquents.
To resolve this, the US Internal Revenue Service (IRS) released the Streamlined Tax Amnesty Program, which is officially called the Streamlined Offshore Filing Procedure. The program helps overseas Americans and Green Card holders catch up on their unsettled US tax returns. No matter how far you’ve fallen behind, the IRS Amnesty program enables you to comply with government tax laws while avoiding the risk of penalties and late-fees altogether.
Let’s catch up on those overdue tax returns, contact us now!