IRS Reduces Filing Requirements for American Expats
The kinder, friendlier IRS has temporarily reduced their statute of limitations for tax return filing for American expats from 6 years to 3 years as long as you are a “low risk” taxpayer who owes $0 to $1,500 of tax to the US government. That’s right file 2009, 2010 and 2011 and you are up to date!
In addition, if you have failed to file FBAR’s for your foreign bank accounts, you can now file them, penalty free as long as you file the last 6 years, as applicable.
We know all the rules…we can help you with all the filings! Contact us today!