Have you not filed your taxes in a couple of years? OTA specializes in filing prior year tax returns. As an expatriate, the IRS understands and encourages US expatriates to file all delinquent years and even has special rules applicable to expatriates wishing to comply. We are very knowledgeable in this area and have helped many expatriates get up to date on their US obligations. However, it is very important to voluntarily file the returns as the IRS encourages voluntary compliance.
The IRS over the last couple of years has become very aggressive in the international tax area. This is very evident in the recent cases involving US citizens holding Swiss bank accounts and not disclosing their existence on Form 90-22.1, Report of Foreign Bank and Financial Accounts. The IRS prosecuted many taxpayers for not disclosing and reporting these accounts and many were fined and are facing additional prosecution. Although the amnesty program for the 90-22.1s has expired, it is still a very good idea to file the 90-22.1 even if late. Once again, the IRS expects voluntary compliance and penalizes those taxpayers who fail to file tax returns.
Please call me for a free consultation.
Richard A. Garcia, CPA
305 267 0280
rgarcia@overseastax.com
SKYPE: expattax