The IRS Streamlined Filing Compliance Procedures provide a path for eligible US expats to bring their tax filings up to date with reduced or eliminated penalties. This program is specifically designed for taxpayers whose failure to file was non-willful.
Who Qualifies for Streamlined Filing?
To be eligible for the Streamlined Foreign Offshore Procedures, you must:
- Have resided outside the United States in at least one of the last three years for which tax returns were due
- Have failed to file US tax returns and/or failed to report foreign financial assets due to non-willful conduct
- Not be under civil examination or criminal investigation by the IRS
What Does the Program Require?
The Streamlined Filing program requires you to:
- File amended or delinquent tax returns for the past three years
- File delinquent FBARs for the past six years
- Submit a certification statement explaining why the failures were non-willful
Benefits of the Streamlined Program
Eligible taxpayers who use the Streamlined Foreign Offshore Procedures benefit from:
- No penalties for late filing
- No penalties for late payment of tax
- No FBAR penalties
- Peace of mind from being compliant with US tax law
How TaxYork Can Help
Our team specializes in guiding US expats through the Streamlined Filing process. We handle eligibility assessment, document preparation, certification statements, and IRS submission to ensure your compliance is restored efficiently and correctly.
If you have unfiled US tax returns or unreported foreign accounts, contact us today for a confidential consultation.