Streamlined Domestic Offshore Procedures: The streamlined program has two different options. The program for U.S. residents who were non-willful, previously filed tax returns, and not under audit is referred to as the Streamlined Domestic Offshore Procedures (SDOP).
The domestic program is used to report undisclosed offshore & foreign accounts, assets, investments and/or income.
SDOP is also referred to as:
- Streamlined Domestic Offshore
- Streamlined Voluntary Disclosure
- Offshore Streamlined Filing
- IRS Streamlined Filing
When a person qualifies for Streamlined Domestic Offshore Procedures, the IRS issues a single 5% on the