Late Filing

Wednesday January 16 Posted by Expat News.

Delinquent USA Tax Returns: Who will report to the IRS the information about American expats

American expats who have not filed USA tax returns for a while always ask the same question. How will the IRS find me? Who will report to the IRS any information about me if I do not live in the USA and do not have any US income? This is...

Monday January 14 Posted by Expat News.

Overseas Taxes Series: Offshore Voluntary Disclosure Program and Israeli Banks

American expats residing abroad who failed to timely file US expatriate tax returns for several years have 3 options to become compliant. We discussed earlier the Offshore Voluntary Disclosure Program and Streamlined Program for Offshore Compliance. A growing number of American expats residing overseas might face an exposure to the...

Sunday December 09 Posted by Expat News.

Overseas Taxes Series: What is Voluntary Disclosure Program?

What is Voluntary Disclosure Program? Who can participate in the Offshore Voluntary Disclosure Program (OVDP)? This is the latest email from one of our clients. “I am an American living abroad. I have filed overseas tax returns in Hong Kong since I moved there. However, I didn’t know that I...

Friday September 14 Posted by Expat News.

New IRS Streamlined Program for Delinquent American Expatriates

Effective September 1, 2012, the IRS has introduced a new streamlined procedure for American expatriates living abroad who need to file late US tax returns. American expatriates who have lived outside the United States since January 1, 2009 can become tax compliant by filing only 3 years of tax returns...