The IRS Streamlined Filing Compliance Procedures provide a second chance for taxpayers who have fallen behind on their US filing obligations. This article explains the eligibility requirements, the documentation needed and how to successfully complete the streamlined process.
Eligibility Criteria
To qualify for the streamlined procedures you must certify that past non‑compliance was non‑willful and file the last three years of tax returns plus six years of FBARs.
Required Documentation
You will need amended returns, income statements, bank records and a written statement explaining why the non‑compliance was not intentional.
Benefits
Successful submission eliminates penalties and brings you back into good standing with the IRS. Engaging professional help can ensure accuracy and peace of mind.