Streamlined Foreign Offshore Procedures

Many American citizens and green card holders living outside the US are unaware of their obligations to report their income and financial accounts to the US. Because of this, the Internal Revenue Service (IRS) designed the Streamlined Foreign Offshore Procedures. The program’s purpose is to help and make it easier for US citizens living outside the US who still need to meet their reporting obligations to get up to date on their US taxes.

The Streamlined Foreign Offshore Procedures allow those who meet its conditions to use it to get on track and receive an amnesty from fines and penalties from the IRS and the US Treasury Department for the reporting years included in the program.

The program consists of three parts: 

1. Retroactive reporting of tax returns (1040). 
2. Retroactive reporting of foreign accounts (FBAR)
3. Non-wilful tax deliquancy form.

We at Digitax have extensive experience helping more than 1,200 Americans with their Streamlined Foreign Offshore Procedures. We understand that entering the tax reporting loop that includes reporting all your income and financial accounts to the US (where you probably do not live) can cause discomfort or concern – we are here to help you simplify the process while reflecting the meanings of all the factors included in it. Our service will help you fulfill your legal tax reporting obligation as a US citizen and exercise your US tax rights.

If you haven’t filed a tax return or FBAR to the US in recent years or at all – Contact us.

We will check your eligibility to file through the Streamlined Foreign Offshore Procedures and whether this is the best option for you.