Relief for US Expats Filing Late Taxes

Delinquent on your US Expat Tax Return? There is Good News!

This post was originally published on May 13, 2013, it was updated July 10, 2014 with information relevant to the 2014 tax year. US Expats Avoid Harsh Penalties As of Sept. 1, 2012, the IRS has launched a new Streamlined Procedure designed specifically for delinquent taxpayers living abroad. This new procedure enables taxpayers to get […]

Get Caught Up On Your Late Tax Returns and FBAR Forms

Americans living abroad who are delinquent on filing expat tax returns or Foreign Bank Account Reporting (FBARs) have an opportunity to come clean and get caught up. The IRS’s Offshore Voluntary Disclosure Program (OVDP) is designed to encourage expatriates late on filing expat tax returns or FBARs become compliant. The program offers an opportunity to […]

US Tax for Expats Filing Late

US Expat Taxes in the News: IRS Offers New Program for Late Filers

IRS Announces Program to Help Americans Resolve Delinquent US Expat Taxes This week, the IRS announced new opportunities for American and dual citizens living overseas to catch up on their US expat taxes. The IRS plan also provides avenues for expats to become compliant with Reports of Foreign Bank and Financial Accounts (commonly referred to […]

The Offshore Voluntary Disclosure Program, the FBAR, and You (Video) US Expat Taxes Explained

Lessen Penalties for Filing Your FBAR Late Via the Offshore Voluntary Disclosure Program The US Department of the Treasury requires all expats with financial accounts in foreign banks that total more than $10,000 to file TD Form 90-22.1, commonly referred to as the FBAR form, by June 30 each year. Many expats did not realize […]

Late US Expat Taxes

Yahoo! News and Greenback Discuss Late US Expat Taxes

The IRS recently reopened the Offshore Voluntary Disclosure Program for individuals who have failed to file their FBAR reports with the US Department of the Treasury.  Being aware of how successful previous disclosure programs have been, the IRS wants individuals to feel comfortable coming forward about their delinquent US expat taxes and foreign bank account […]

Expatriate Tax Services help Late Filers

Behind with Overseas Tax Returns

If you are behind with your overseas tax return, you are not alone. Many American expatriates find themselves behind with their overseas tax returns and assume the worst — high penalties from the IRSor the US Department of Treasury (or both!), interest on underpayment and, in the worst scenarios, potential jail time. What expatriates fail to […]

Offshore Voluntary Disclosure Program for Delinquent Filers

IRS Introduces New Offshore Voluntary Disclosure Program

This article was first published on January 10, 2012. It was updated on June 14, 2013, with information relevant to the 2012 and 2013 tax years. Late FBAR? The IRS Introduces A New Offshore Voluntary Disclosure Program (the third) The IRS has just opened a new amnesty program, following the success from the previous years’ […]