Good News At Last

The Streamlined Procedure is an IRS amnesty program that allows expats who are non-willfully behind with their US tax filing to catch up without facing any penalties. Don’t delay though, as the program may not be available indefinitely.

The Streamlined Procedure Is An Excellent Opportunity

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). Find out more here.

Voluntary Disclosure – What US Expats Need to Know

voluntary disclosure for expats

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?

streamlined procedure 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 […]