So, you haven’t filed in a while?
There is really no need to fret, we are here to help, even if you are filing your taxes late!
Basically, most American expats owe little or no tax. If your earnings fall below the foreign income exclusion, you can file late and have no fear of penalties or interest. In order to qualify for the exemption, however, you must file. If you are a tax non-filer, the IRS will be looking for you to come up with a solution.
Right now, the IRS filing statute is 6 years with no tax due, and 10 years if you owe. At times, the IRS will have voluntary disclosure programs in place that reduce the number of years required. However, tax non-filers should ultimately work out what they owe.
We’ve gone back as far as 15 years to get taxpayers up-to-date. In fact, we file numerous late tax returns every year. And it goes without saying that we can handle it all…interest calculations, penalty waivers, and payment arrangements.
All special situations are handled by expat-expert CPA’s that have the ability and licensing necessary to work directly with the Internal Revenue Service.
If you have questions about filing your taxes late, or if you are a tax non-filer, contact us now. We are happy to assist you.