Documents Needed for Streamlined Program

What Documents Do You Need for the Streamlined Program?

Many US expats file their late tax returns and past-due foreign bank account reports (FBARs) through the Streamlined Filing Procedures. This IRS program waives the late-filing penalties for expats who qualify. The streamlined program requires that expats file at least three years of past-due tax returns and at least six years of past-due FBARs. US […]

IRS Compliance Campaigns: Post OVDP

New IRS Compliance Campaign: Post OVDP Compliance

The IRS’ six new compliance campaigns aim to crack down on noncompliance for American taxpayers – specifically expats. One of the latest campaigns will be seeking out those who are noncompliant in the aftermath of the termination of the OVDP (Offshore Voluntary Disclosure Program). What Was the OVDP? The OVDP was an amnesty program offered […]

Filing Taxes Late and Expat Passport Revocation

Filing Taxes Late? Your American Passport Could Be Revoked

Expats’ passports are their lifelines. The freedom to travel without restriction between countries is not a luxury – for many expats, it is the only way to see their families. The loss of a passport could affect their eligibility to work and much more. But recently, the IRS has started cracking down on Americans abroad […]

Expats and Taxes: IRS Compliance Campaigns

The IRS’ New Compliance Campaigns Target Expats and Taxes

The Large Business and International Division (LB&I) of the IRS announced that they are adding six new compliance campaigns, and these are targeting expats and taxes specifically. Though not a lot of information is known about how the IRS plans to conduct these campaigns, expats will want to take a look at our summary below […]

Tips and Tricks for Filing Late Expat Taxes

As an expat, there are things you need to be aware of and look out for when filing late taxes. You need to know how you can minimize penalties and interest, and you need to know when it’s time to hire a professional.        Late Filing Fees and Penalties  One of the biggest setbacks of filing taxes late are the fees […]

Everything to Know About Streamlined Filing to Catch Up on Taxes

Everything You Need to Know About Streamlined Filing

When moving abroad, it’s often easy to get caught up in the new and exciting. Expats pick up their lives and migrate around the world, in some cases never intending to reside stateside again. To embrace the “new” of their expatriate adventure, US citizens may overlook their “old” responsibilities, be completely unaware that these still […]