I have never filed US taxes before.
I’m not compliant with my US tax obligations.
Have you been filing U.S. tax returns since living outside the United States? Were you aware of your U.S. tax filing obligations? Have you been reporting all foreign assets to the U.S. treasury department?
These are all important questions that you should be asking yourself if you are a U.S. citizen or green card holder and live outside the United States or own foreign financial assets. Failure to report foreign assets and choosing not to file U.S. taxes and pay any tax due puts you at tremendous risk of criminal prosecution and enormous civil penalties. However, there are two favorable programs offered by the IRS, which can reduce or eliminate criminal prosecution and penalties if you qualify for the programs. These two programs are the Offshore Voluntary Disclosure Program (OVDP) and Streamlined Filing Compliance Procedures.
The Offshore Voluntary Disclosure Program is for US citizens and green card holders whom were aware of their tax filing obligations but willfully ignored their duty to file taxes and were thus complicit in tax evasion.
The Streamlined Filing Compliance Procedures are intended for US citizens and green card holders whom were not aware of their US tax obligations and once they were made aware are making a good faith effort to come into compliance.
Both of these programs could be terminated at any time by the IRS so make sure you take advantage of them while you still can.
We have helped hundreds of people come into compliance and can advise you on which program is appropriate for you. We will conduct a client interview, complete all necessary tax & FBAR filings, certification statements and all other documentation to ensure you seamlessly enter the program and can sleep easier at night.
