U.S. citizens and U.S. residents not compliant with their U.S. tax filings may qualify to file delinquent returns under the Streamlined Filing Compliance Procedures.
The streamlined procedures are designed to provide to taxpayers in such situations with:
- a streamlined procedure for filing amended or delinquent returns, and
- terms for resolving their tax and penalty procedure for filing amended or delinquent returns, and
- terms for resolving their tax and penalty obligations.
The IRS can end this program at anytime, as they did with the Offshore Voluntary Disclosure Program.
Are you behind in your US tax filings? It is important to speak with a CPA before filing your returns. We can help. Call us today for a free consultation.