US citizens and green-card holders are taxed on worldwide income wherever they live, and most owe little or nothing thanks to the Foreign Earned Income Exclusion and Foreign Tax Credit — but they still must file, including FBAR and often Form 8938. If you've fallen behind non-willfully, the Streamlined Foreign Offshore Procedure brings you current with three years of returns and six years of FBARs, typically penalty-free. We prepare the full package and a CPA signs.
Will I owe penalties under the Streamlined Procedure?
For the Foreign Offshore version — for Americans genuinely living abroad — the penalty is typically zero, provided your failure to file was non-willful. That's the entire point of the programme.
How many years do I have to file to get compliant?
Three years of amended or delinquent income-tax returns and six years of FBARs. We prepare the complete set, plus the required non-willful certification statement.
I live abroad and pay tax locally — do I really owe US tax?
You must still file, but between the Foreign Earned Income Exclusion and the Foreign Tax Credit, most expats owe little or nothing. Filing is mandatory; double taxation usually isn't the outcome.
What is a PFIC and why does it matter?
A Passive Foreign Investment Company — most non-US mutual funds and some pensions qualify — carries punitive US tax treatment if unreported. We identify and handle PFICs so they don't surprise you later.
Every Filing, Signed By A Professional
We prepare it all to a ready-to-sign standard; a CPA or EA reviews and signs before anything is filed. Tell us your situation and we'll return a scoped proposal within one business day.
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