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  • United States Department of Treasury

    IMPORTANT: IRS: It’s Okay to be Clueless (but time is running out)

    July 8, 2014 • Announcements, Gallery, Headlines

    The United States Internal Revenue Service (IRS) recently announced a tax amnesty program for Americans who live and work abroad. On June 18, the agency said that people who come forward and settle their US tax bills now will be liable for back taxes and interest — but will not be charged any penalties. Previously, [&hellip...

  • United States Department of Treasury

    IMPORTANT: IRS to waive penalties for some overseas accounts

    July 8, 2014 • Announcements, Gallery, Headlines

    By STEPHEN OHLEMACHER WASHINGTON (AP) — The Internal Revenue Service is offering to waive steep penalties for Americans living abroad who haven’t been paying their U.S. taxes. But there is a catch: You have to be able to show that you didn’t evade U.S. taxes on purpose. American citizens living abroad are required to file [&hellip...

  • United States Department of Treasury

    IMPORTANT: U.S. Taxpayers Residing Outside the United States

    July 8, 2014 • Announcements, Gallery, Headlines

    The following streamlined procedures are referred to as the Streamlined Foreign Offshore Procedures. Eligibility for the Streamlined Foreign Offshore Procedures In addition to having to meet the general eligibility criteria described above, individual U.S. taxpayers, or estates of individual U.S. taxpayers, seeking to use the Streamlined Foreign Offshore Procedures described in this section must:  (1) [&hellip...

  • United States Department of Treasury

    IMPORTANT: Streamlined Filing Compliance Procedures

    July 8, 2014 • Announcements, Gallery, Headlines

    Purpose of the streamlined procedures:  The streamlined filing compliance procedures described below are available to taxpayers certifying that their failure to report foreign financial assets and pay all tax due in respect of those assets did not result from willful conduct on their part.  The streamlined procedures are designed to provide to taxpayers in such [&hellip...