There also is an Internal Revenue Service program that permits United States individuals, who have innocently and unknowingly not reported their foreign bank deposits, to report those deposits at a much reduced penalty than the penalty applicable to the willful …
Tag: IRS streamlined procedure
The new IRS Streamlined Filing Compliance Procedure explained by United States Tax Attorney Richard S. Lehman, Esq.
This is an extremely important and valuable I.R.S. Program. It allows almost every American who has been afraid to step forward and disclose their foreign assets to the U.S. taxing authorities to do so with minimized penalties on unpaid taxes and unfiled information returns.