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.

US Expats Hail Disclosure Program Breakthrough

US Expats Hail Disclosure Program Breakthrough

Expat Briefing – Major changes to the Internal Revenue Service’s offshore voluntary compliance program have been welcomed by American Citizens Abroad. The program is offered to overseas American citizens that have not deliberately failed to abide by their tax obligations. ACA said that the changes, effective from July 1, 2014, demonstrate that the IRS has […]