Back Taxes & Streamlined Filing
Are you behind in some tax filings with the IRS?
Let us help you!
Say “no” to penalties!
The IRS is generally an easy-going governmental agency until you stop complying. Thereafter, it has broad authority and powers to impose severe monetary penalties, garnish paycheck wages, and even deny citizens the privilege to use their passport in order to leave the country.
I live abroad…no filing, right?
Perhaps as a U.S. citizen living abroad, you weren’t fully aware of your filing responsibility to still file a U.S. tax return and report your foreign income. Also, a lot of U.S. tax residents are unaware of their filing obligation to report foreign financial accounts on form FINCEN 114 (AKA the “FBAR”).
Must foreign companies file?
Or, maybe you are a foreign company that has some degree of U.S. involvement via some transactions in the U.S. You consider the U.S. activity to be very limited, but you’re uncertain whether your activities need some sort of filing. You are not alone! We are here to help you identify the required IRS forms to file.
We are on your side to help!
The IRS can be an intimidating U.S. government agency to deal with, but we are on your side to help! Our team of international tax experts will get you in good standing and in compliance with the IRS so that you can have confidence and peace of mind.
The IRS Streamlined Program
Thankfully, the IRS provides an incentivized program to become compliant again – the IRS Streamlined Program. Through this option, the taxpayer must file 3 years of back taxes, 6 years of FINCEN 114 (FBAR) filings, and sign a sworn affidavit. Though you will have to pay interest on any tax liability due, the IRS waives the penalties for late filing on your FBARs and tax returns.
Keep celebrating life!
Schedule a consultation with our professionals so that we can determine whether this program or another option is the best strategy. With our professional guidance, we can resolve your dilemma so that you can have confidence and peace of mind.