Details of the Streamlined Foreign Offshore Procedures (SFOP)
Many U.S taxpayers are unfortunately surprised to discover that they have a U.S. tax reporting obligation on financial accounts or assets held overseas. Once they discover their tax and reporting obligation, there are a number of programs through which they can become compliant. One option, if the taxpayers meet the requirements, is to file under … Continue reading Details of the Streamlined Foreign Offshore Procedures (SFOP)
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