IRS Streamlined Filing Compliance Blog

202001.25
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IRS Form 8938 Penalties (Summary 2020)

Contents1 IRS Form 8938 Penalties2 We Specialize in Streamlined & Offshore Voluntary Disclosure IRS Form 8938 Penalties: Fines for Unreported Foreign Assets – The IRS Form 8938 penalties can be tough. The 8938 Form is used by U.S. taxpayers to report Specified Foreign Financial Assets to the IRS. There are many types of offshore assets that…

202001.22
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Form 14654 (IRS Summary 2020)

Contents1 Form 14654 (IRS)2 Taxpayer’s Written Certification Statement3 We Specialize in Streamlined & Offshore Voluntary Disclosure Form 14654:  The IRS Form 14654 Certification by U.S. Person Residing in the United States for Streamlined Domestic Offshore Procedures is a very important certification form used with the streamlined domestic offshore procedures. Unlike its foreign counterpart Form 14653,…

202001.20
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Delinquent FBAR Submission Procedures (IRS Summary 2020)

Contents1 Delinquent FBAR Submission Procedures2 We Specialize in Streamlined & Offshore Voluntary Disclosure Delinquent FBAR Submission Procedures: The IRS program for Delinquent FBAR Submission Procedures are complex. A common question we receive is about how eligibility and qualifying for the program works — and how to submit delinquent FBARs for prior years. The FBAR is…

202001.20
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Form 14653 (IRS Summary 2020)

Contents1 Form 14653 (IRS)2 Personal Certification Statement3 Tips for Writing the 14653 Certification Personal Statement4 Signing Under Penalty of Perjury5 We Specialize in Streamlined Filing Compliance Procedures Form 14653: The IRS Form 14653 Certification by U.S. Person Residing Outside of the United States for Streamlined Foreign Offshore Procedures, is a very important certification form used with…

202001.19
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IRS Voluntary Disclosure (Summary 2020)

Contents1 IRS Voluntary Disclosure (Updated Practice)2 We Specialize in Streamlined & Offshore Voluntary Disclosure IRS Voluntary Disclosure & Offshore Program Practice Update: The new IRS Voluntary Disclosure Program (VDP) was updated in 2019 and continues to evolve. Voluntary Disclosure is an IRS program that pre-dates the streamlined procedures. VDP is designed for taxpayers as an…

202001.18
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Delinquent International Information Return Submission Procedures (IRS Summary 2020)

Contents1 Delinquent International Information Return Submission Procedures2 Am I Eligibility & How to Qualify3 We Specialize in Streamlined & Offshore Voluntary Disclosure Delinquent International Information Return Submission Procedures: The Delinquent International Information Return Submission Procedures (DIIRSP) are an IRS alternative to the Streamlined Program or OVDP. The delinquency procedures are used by U.S. persons to…

202001.17
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Streamlined Filing Compliance Procedures (IRS Summary 2020)

Contents1 Streamlined Filing Compliance Procedures2 Purpose of the Streamlined Procedures3 Eligibility for the Streamlined Procedures4 OVDP or Streamlined5 General Treatment under the Streamlined Procedures6 Take the First Step – Contact our Streamlined Specialist Team7 We Specialize in Streamlined & Offshore Voluntary Disclosure Streamlined Filing Compliance Procedures: Welcome to the our website dedicated solely to the…

202001.17
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Streamlined Foreign Offshore Procedures (SFOP) 2020

Contents1 Streamlined Foreign Offshore Procedures (SFOP)2 Eligibility for the Streamlined Foreign Offshore Procedures3 Description of Scope and Effect of Streamlined Foreign Offshore Procedures4 A. Meet the Applicable Non-Residency Requirement5 B. Non-Willful Conduct6 3-Years of Amended Tax Returns or Original returns7 6-Years of FBAR8 We Specialize in Streamlined & Offshore Voluntary Disclosure Streamlined Foreign Offshore Procedures…

202001.17
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Streamlined Domestic Offshore Procedures IRS (SDOP) 2020

Contents1 Streamlined Domestic Offshore Procedures2 Eligibility for Streamlined Domestic Offshore Procedures3 How to Submit to Streamlined Domestic Offshore Procedures4 3-Years of Amended Tax Returns 5 6-Years of FBAR Filing6 Pay a Title 26 Miscellaneous Offshore Penalty 7 We Specialize in Streamlined & Offshore Voluntary Disclosure Streamlined Domestic Offshore Procedures (SDOP): The streamlined domestic offshore procedures are an…

202001.16
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FATCA Letter from Bank (IRS Summary 2020)

Contents1 FATCA Letter from Bank2 What does a Foreign Bank FATCA letter Require?3 FATCA & Offshore Penalties4 A FATCA Letter Starts the Clock5 We Specialize in Streamlined & Offshore Voluntary Disclosure FATCA Letter from Bank: When a person receives a FATCA letter from their bank, it tends to cause major fear and concern. This is…

202001.16
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Audit Risk for IRS Streamlined Offshore Procedure FBAR Cases (2020)

Contents1 Audit Risk for IRS Streamlined Offshore Procedure FBAR Cases2 How Far Back Can the IRS Audit You?3 Streamlined Disclosure Fraud4 We Specialize in Streamlined & Offshore Voluntary Disclosure Audit Risk for IRS Streamlined Offshore Procedure FBAR Cases: The audit risk for Streamlined Disclosure Audit for FBAR & Tax Returns has increased since the initial…