If you are an American abroad who has never filed a US tax return, needs to get caught up on your filings, or to correct filings from prior years, we have good news for you. The IRS offers a program called the Streamlined Filing Procedure that allows non-filing Americans to catch up on their taxes without facing harsh penalties.
Using the Streamlined Filing Procedure, eligible taxpayers can file the past three years of tax returns and the past six years of the Foreign Bank Account Reports (FBARs) without being subject to the typical penalties for late filings. But this program is only available if you file proactively, without first being contacted by the IRS.
At US Tax Services AG, we specialize in both the Streamlined Filing Procedure, and the expatriation procedure. Often these go hand in hand, especially when someone has been unaware they have a filing requirement and wish to get caught up quickly to facilitate their expatriation.
Please contact us with questions or to learn more, email us at info@ustaxservices.ch
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