Delinquent Procedures vs Streamlined Offshore Filing
Автор: Golding & Golding. Offshore Tax. Board-Certified
Загружено: 2021-01-18
Просмотров: 389
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https://www.goldinglawyers.com
Delinquent Procedures vs Streamlined Offshore
Delinquent Return Procedures vs Streamlined Offshore Filing: When a non-willful taxpayer has undisclosed foreign accounts, assets, investments or income, they have the opportunity to apply to various IRS offshore tax amnesty programs available to them in order to safely get into compliance.
The most common programs offered to non-willful taxpayers are the Streamlined Filing Compliance Procedures (broken down further into the Streamlined Domestic Offshore Procedures and the Streamlined Foreign Offshore Procedures). The other program is the Delinquency Return Submission Procedures. Recently, the IRS updated delinquency procedures were updated and therefore we wanted to provide a brief summary of the difference been using these two different programs.
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