Streamlined Tax Amnesty
Since the Internal Revenue Service did away with its Offshore Voluntary Disclosure Program in September 2018, the number of tax amnesty options for U.S. citizens living abroad has been reduced. Under certain circumstances, Americans living in another country can back file their returns through a complex process, effectively erasing tax penalties and settling their bill with the IRS. If you are a U.S. citizen or legal permanent resident who has been living abroad for some time, you are probably filing local tax returns but may have forgotten that you are required to file tax returns in the U.S. If so, you can correct this misstep to avoid serious consequences later on. If you think you may owe the IRS, explore your options for tax amnesty.
Read more here: https://www.htj.tax/streamlined/
We have significant experience assisting our clients with complicated, international tax issues. The following list represents some of the areas in which we have provided both planning and compliance services for our clients: