Search Results for “sfop” – Tax, Estate Planning & Probate Law Center

Recent Court Decision Shows Risks of IRS Streamlined Filing Compliance Procedures

- By : Parag Patel Date : 12-Sep-22

…the IRS determined that the Taxpayer was willful. Who Is Eligible for the Streamlined Program? The single most significant eligibility requirement for the SFOP and SDOP is that the taxpayer…

All the Many FBAR Late Filing Procedures

- By : Parag Patel Date : 02-Jan-22

…program. To learn more about SFOP go to: https://patellawoffices.com/blog/planning-for-tax-minimization/details-of-the-streamlined-foreign-offshore-procedures-sfop/ IRS Voluntary Disclosure Program Between 2009 to 2018 there used to be a program called the Offshore Voluntary Disclosure Program for…

New Comments on the IRS Voluntary Disclosure Program

- By : Parag Patel Date : 29-Sep-21

…(“SDOP”), and the Streamlined Foreign Offshore Program (“SFOP”). In the past we co-authored the ABA comments, this year we did not but the comments are very constructive. It is hoped…

Solution: Streamlined Domestic Offshore Procedures

- By : Parag Patel Date : 14-Aug-21

…file under the Streamlined Domestic Offshore Procedures (SDOP) or the Streamlined Foreign Offshore Procedures (SFOP). Our firm has recently received many inquiries regarding these new IRS Streamlined Offshore Procedures. These…

Happy Birthday Streamlined Filing Compliance Procedure

- By : Parag Patel Date : 09-Aug-21

…the disclosure of foreign assets. SFCP has two sub-programs: one for US residents (Streamlined Domestic Offshore Procedures or “SDOP”) and one for non-US residents (Streamlined Foreign Offshore Procedures or “SFOP”)….

Details of the Streamlined Foreign Offshore Procedures (SFOP)

- By : Parag Patel Date : 19-Jul-19

…(SDOP) or the Streamlined Foreign Offshore Procedures (SFOP). This article focuses on the SFOP. The Internal Revenue Service (IRS) recently modified the non-willfulness certification form that individual taxpayers must submit…

Details of the Streamlined Domestic Offshore Procedures

- By : Parag Patel Date : 02-Jul-19

…(SDOP) or the Streamlined Foreign Offshore Procedures (SFOP). This article focuses on the SDOP, which is for taxpayers who reside in the United States. The Internal Revenue Service (IRS) recently…

2018 ABA COMMENTS ON THE OFFSHORE VOLUNTARY DISCLOSURE PROGRAM AND THE STREAMLINED PROGRAMS

- By : Parag Patel Date : 18-May-18

…Streamlined Domestic Offshore Program (“SDOP”), and the Streamlined Foreign Offshore Program (“SFOP”). We co-authored the ABA comments. The comments are very constructive. It is hoped that the IRS carefully considers…

Article Discusses Termination of Offshore Voluntary Disclosure Program (OVDP) and the Streamlined Filing Compliance Procedures (SFCP)

- By : Parag Patel Date : 14-Aug-16

…US residents (Streamlined Domestic Offshore Procedures or “SDOP”) and one for non-US residents (Streamlined Foreign Offshore Procedures or “SFOP”). Each program has its own set of tailored procedures and eligibility…