Streamlined Filing Compliance Procedures When a Taxpayer is a U.S. person for tax purposes and has not previously reported their foreign income on their U.S. tax returns and failed to file accurate international information reporting forms, they may be subject to extensive IRS fines and […]
Streamlined Domestic Offshore Procedures (Examples) When a Taxpayer is a U.S. person for tax purposes and has not previously reported their foreign income on their U.S. tax returns and failed to file accurate international information reporting forms, they may be subject to extensive […]
Streamlined Foreign Offshore Procedures with Examples When a Taxpayer is a U.S. person for tax purposes and has not previously reported their foreign income on their U.S. tax returns and failed to file accurate international information reporting forms, they may be subject to extensive IRS […]
IRS Voluntary Disclosure Program Updated Practice When a US Taxpayer is out of compliance with the Internal Revenue Service, they have different tax amnesty options available to voluntarily disclose their unreported money — and get into compliance. The IRS Voluntary Disclosure Program is a Federal […]
Delinquent International Information Return Submission Procedures There are many different Internal Revenue Service offshore tax amnesty programs to assist Taxpayers with safely getting into offshore compliance. These programs are designed to asssist non-willful US Person Taxpayers who have undisclosed offshore accounts, assets, and/or investments — and […]
Crucial IRS Foreign Information Returns for U.S. Tax Filers U.S. taxpayers who have foreign accounts, assets, investments, income, etc., may be required to file several IRS foreign information returns each year to disclose their offshore account and asset information to the IRS and FinCEN. There are […]
Overview of New Immigrant U.S. Tax Rules When foreigners first move to the United States or otherwise become U.S. persons for tax purposes, learning how to file their U.S. tax returns is not usually their main concern – especially since filing taxes in most foreign […]