Skip to content
Tax Law Center Blog

Tax Law Center Blog

  • Tax & Foreign Assets
    • Tax Law Services
    • Foreign Asset Planning
  • About
  • Contact Us
Close Button

IRS Streamlined Filing Compliance Procedures Seminar

23 November, 2014

The Internal Revenue Service announced major changes in its offshore voluntary compliance programs, providing new streamlined filing compliance procedures to help both taxpayers residing overseas and those residing in the United States. The streamlined filing compliance procedures are game changers for affected taxpayers. These changes will provide taxpayers a new option to come into compliance with their U.S. tax obligations. The expanded streamlined procedures are intended for U.S. taxpayers whose failure to disclose their offshore assets are non-willful.

The streamlined filing compliance procedures 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.

Our firm recently presented seminars to the New Jersey State Society of CPAs on the Streamlined Filing Compliance Procedures. Materials from the seminars can be downloaded here: Game Changer 2

Related Posts

  • IRS announces new Streamlined Filing Compliance Procedures

    The IRS announced substantial changes to both the Streamlined Filing Compliance Procedures for Non-Resident, Non-Filer…

  • New Warnings in the IRS' Streamlined Filing Compliance Procedures

    The Internal Revenue Service has recently updated the certification forms required to be filed by…

  • New IRS internal procedure guidance for Streamline Filing Compliance Procedures

    The IRS has published new IRS internal procedure guidance with IRM changes dated 8/13/14.  The…

Tags: Asset ProtectionFBAR foreign account offshore accounts ovdi OVDP penalties and interest SDOP SFOP Streamlined Filing Compliance Procedures Streamlined Filing Compliance Procedures and the Offshore Voluntary Disclosure Program
Category: Planning for Tax Minimization

Post navigation

Previous: IRS Announces New Clarifying FAQs for Streamlined Offshore Compliance Program
Next: IRS Releases Training Documents on Offshore Voluntary Disclosure Program

Related Posts

The Strange Case of U.S. v. Hughes: Willful and Non-Willful (at the Same Time?)

A recent decision from the District Court of Northern California…

Read More

Eleven foreign financial institutions to share their US customer account information

US authorities have offered eleven financial institutions a settlement agreement…

Read More

No tax = No Passport?

The United States Senate has passed a provision in proposed…

Read More

Recent Posts

  • Still Waiting for Your Employee Retention Tax Credit?: ERC Refund LawsuitsMay 9, 2025
  • Parag Patel Esq. Speaks at Annual Convention of New Jersey Society of Certified Public AccountantsMarch 28, 2025
  • Parag Patel Esq. speaker at the National Association of Enrolled Agents (NAEA) Seminar “2025 Mid-Year Update”March 25, 2025
  • Navigating the Puzzle: Understanding Form 8938 Audit TriggersMarch 21, 2025
  • Navigating Inheritance: The Step-Up in Basis and Recognizing Implied Life Estates After DeathMarch 18, 2025

Pages

  • About Patel Law Offices
  • Delinquent FinCen Form 114 (FBAR) Filings
  • Delinquent or unfiled IRS Form 5471
  • Request A Free Educational Consultation

Law Firm Attorney WordPress Theme By Themespride