Bright!Tax Makes the IRS Streamlined Procedure Accessible to Everyone
It's The Penalty Free Way to Catch Up
With Bright!Tax, The Streamlined Procedure is an IRS approved amnesty program that allows Americans overseas to catch up with their US tax filings without facing any penalties nor any undue scrutiny by the IRS.
Bright!Tax and its team of expert American CPAs has perfected the Streamlined Procedure to make the online process simple and very straightforward for countless clients worldwide.
Qualification Is Simple
To catch up using the Streamlined Procedure you must:
- File your last 3 federal tax returns
- File your last 6 FBARS (Foreign Bank Account Reports), if applicable
- Pay any taxes due (often nil, once you claim one or more expat exclusions)
- Self-certify that your previous failure to file was non-wilful
What Does It Cost?
Our headline IRS Streamlined Procedure package of $957 includes 3 tax returns, as required. If you have to file FBARs for any of the last 6 years too (required in years when you had over $10,000 in foreign accounts), add $79/ year. So a maximum 3 tax returns and 6 FBARs costs $1,431.
Will the IRS Actually Find Me?
Since the US law called FATCA (the Foreign Account Tax Compliance Act) was enacted in 2010, most foreign banks (over 300 thousand and counting) are now providing their American account holders' balance and contact details to the IRS, so the IRS now has unprecedented and global reach. Catching up using the Streamlined Procedure gives US expats the opportunity to avoid IRS fines while retro-claiming the exemptions allowing them to minimize their US tax liability - most often to zero.
Why Choose Bright!Tax?