4 Options to Help US Taxpayers with Unreported Foreign Income or Acc't

Spring B

08 May 2014 11:16:35

Spring B

08 May 2014 11:16:35

Many US citizens with foreign financial interests feel stuck. They haven't been reporting all their income and accounts, and now they either have to wait for their foreign banks to report them to the IRS under FATCA, or to report themselves and face stiff penalties.
Aren't there any better options?
In fact, there are. The IRS offers four. bit.ly/USTaxOptions

elenaolga

Member

Member since 02 May 2014

London

elenaolga

08 May 2014 12:15:43

elenaolga

08 May 2014 12:15:43

London

Also, you can find more information on here : irs.gov/uac/2012-Offshore-Voluntary-Disclosure-Program

irs.gov/uac/2011-Offshore-Voluntary-Disclosure-Initiative

And how to make an Offshore Voluntary disclosure: irs.gov/uac/How-to-Make-an-Offshore-Voluntary-Disclosure

mugtech

ViP

Member since 08 September 2012

mugtech

06 June 2014 14:54:54

4347

mugtech

06 June 2014 14:54:54

4347

Please do not forget the forms for 2013 must be e-filed by 6/30/14, there are no extensions

cher57

Member

Member since 25 November 2014

columbus

cher57

25 November 2014 19:56:19

cher57

25 November 2014 19:56:19

columbus

Hi
I have only just found out about this, I have been here on a green card for 5 years (from UK) and paid taxes on time.
I am hoping I don't get fined.
Thanks for the link, I have printed it out.