A Growing Number of Expats are Filing US Taxes
Americans are almost unique in still having to file home country taxes from overseas. While this requirement has been US law since the Civil War, the interconnectedness of today’s global banking and tax systems have only recently allowed the IRS enforce it. They can even revoke expats’ US passports if they believe that they owe more than $50,000 in back taxes, including penalties and interest.
Since the Streamlined Procedure was introduced, more and more American expats have been catching up with their US filing. The numbers speak for themselves.
So if you’re an American living overseas and you haven’t been filing a US tax return – don’t panic! We can help.
Find out more about the Streamlined Procedure IRS amnesty program here.