Good News For Expats At Last

The Streamlined Procedure is an IRS amnesty program that allows expats who are behind with their US tax filing to catch up without facing any penalties or fines. Don’t delay though, as the program is only available if the IRS hasn’t contacted you first.

An Excellent Opportunity to Catch Up

Under the Streamlined Procedure rules, expats must file the last three years of federal tax returns, and the last six Foreign Bank Account Reports (as applicable). The program also allows expats to retrospectively claim the exemptions mean most expats don’t owe any back taxes, too.

Can the IRS Revoke US Expats’ Passports for Unpaid Taxes?

Can the IRS Revoke US Expats’ Passports for Unpaid Taxes?

It may leave many US citizens living overseas scratching their heads, but US expats are required to file an annual federal US tax return, reporting their worldwide income, despite living abroad, if they earn over $10,000 a year, or just $400 of self-employment income. When they file, expats can claim one or more exclusions such […]

Filing IRS Back Taxes for US Expat Americans

Filing IRS Back Taxes for US Expat Americans

American expats are still required to file a US federal tax return to the IRS. As expats also have to comply with the tax rules in the country where they live, it’s counterintuitive but nonetheless important that they file US taxes too.   Taxing US citizens abroad, or Citizenship (rather than Residence) Based Taxation, dates […]

Voluntary Disclosure – What US Expats Need to Know

Voluntary Disclosure – What US Expats Need to Know

There are around 9 million Americans living oversees, and the IRS has its sights set on those expats who aren’t up to date with their US tax filing. All American citizens and green card holders are required to file a US tax return, however because the US is the only developed nation to tax its […]

Will the IRS Streamlined Procedure for US Expats be Revoked?

Will the IRS Streamlined Procedure for US Expats be Revoked?

For decades, US expats lived in peace, beyond the reach of the American tax system, despite being theoretically obligated to file US taxes on their worldwide income from abroad by American’s citizenship based taxation regime. Then came FATCA, the 2010 Foreign Account Tax Compliance Act. Designed to address tax evasion in the wake of the […]