0% Penalty Amnesty for Expats: US citizens and Green Card holders living outside the US qualify for **Streamlined Foreign Offshore Procedures (SFOP)** with a **0% civil tax penalty**!
Streamlined Eligibility Evaluator
Required Streamlined Submissions
| Document | Required Time Period | Operational Purpose |
|---|---|---|
| Form 1040 / 1040-X | Past 3 Tax Years | Submit amended or delinquent US income tax returns. |
| FinCEN Form 114 (FBAR) | Past 6 Calendar Years | Report all foreign bank & financial account peak balances over $10k. |
| Form 14653 | Certification Statement | Sworn statement certifying non-willful conduct under penalty of perjury. |
Elaborate Frequently Asked Questions (FAQ)
What is the IRS Streamlined Foreign Offshore Procedures (SFOP) amnesty program?
The IRS Streamlined Foreign Offshore Procedures (SFOP) allows US taxpayers residing outside the United States who failed to report foreign income or file FBARs to catch up on US tax compliance with a 0% penalty rate.
How many years of tax returns and FBARs are required under SFOP?
SFOP requires submitting 3 years of amended or original US federal income tax returns (Form 1040) and 6 years of foreign bank account reports (FinCEN Form 114 / FBAR).
What does non-willful conduct mean under IRS Streamlined rules?
Non-willful conduct is conduct that is due to negligence, inadvertence, mistake, or conduct resulting from a good faith misunderstanding of the requirements of the law.
Expat Tax Amnesty Tools
Explore FBAR $10,000 threshold tools, FATCA Form 8938 calculators, and Foreign Gift Form 3520 guides.
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