On Demand Webinar- A Whole New World: Tax Compliance in the Era of IRS Crackdowns and Passport Revocation

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With all the changes that have happened over the past year, expats may be surprised by the new era of tax compliance headed their way. The IRS is cracking down on those who are behind on US taxes – even those who live overseas and are unaware they needed to file in the first place. And the IRS has doubled down on efforts to begin passport revocation for those who are not caught up on their taxes, a process that disproportionately affects Americans living abroad. Luckily, expats currently still have the opportunity to use some amnesty programs – including the Streamlined Filing Procedures – to get caught up. So, our webinar will walk expats through all the latest information they need to know about getting caught up before it’s too late, including:

  • New compliance initiatives that target expats in particular, such as the S Corporations Built In Gains TaxPost-OVDP ComplianceExpatriationHigh Income Non-Filer, US Territories – Erroneous Refundable Credits, and the Section 457A Deferred Compensation Attributable to Services Performed Before January 1, 2009
  • Passport revocation: who will be targeted, and how to avoid this situation
  • The rise in noncompliance notices
  • The IRS crackdown, how it affects expats, and the most cost effective ways to get caught up
  • The consequences that expats who are behind on US taxes will face if they stay noncompliant
  • How expats can use the temporarily available amnesty programs to get caught up penalty-free, if they meet the requirements