It is advisable to address any overdue matters with the IRS and seek the guidance of a seasoned tax professional who can assist you in determining the most appropriate course of action. An IRS amnesty program exists designed for individuals looking to catch up on their US tax filings. To explore your available options further, we recommend reviewing the details provided in this article: What Happens When You File Late Taxes as a US Expat
It can be daunting to realize that you need to catch up on your taxes but you're actually in quite a common situation, and we help expats every day get caught up on their delinquent returns!
Under the Streamlined regulations, qualified expats are required to report only three years of back taxes and six years of FBAR (FBARs are needed if you have more than 10K collectively in foreign accounts). To make things easier for you, we offer reduced pricing for Streamlined filing. For three years of tax returns and six years of FBAR, we charge only $1600. This is a savings of over 30% !
For many people, filing back this many years of taxes can feel overwhelming. Here is a quick document checklist guide to help you get all of your paperwork in order from the get-go.
To get started right away, create an account with Greenback to meet your accountant and get the process started right away.
If you have any questions or need any support at all, you are welcome to reach out to help@greenbacktaxservices.com or start a chat on our website!