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Streamlined Offshore Procedures

If you have unreported foreign income, then you may be able to use Streamlined Offshore Procedures to avoid penalties or more serious consequences.

Streamlined Offshore Procedures are a way for certain taxpayers with unreported foreign income and bank accounts to get into tax compliance with the IRS in an efficient way. The IRS created these procedures to make compliance achievable, and they are designed only for individual taxpayers, including estates of individual taxpayers.

The attorneys at Kugelman Law have vast experience helping U.S. taxpayers in California and throughout the world gain compliance with the IRS.

The Streamlined Offshore Procedures are available to both resident and non-resident U.S. taxpayers. To be eligible, you must not be under IRS examination (a.k.a., an audit). Second, you must not have willfully concealed foreign assets or foreign income. And third, resident U.S. taxpayers must have timely filed all returns. Non-resident U.S. taxpayers do not need to meet the filing requirement to participate in the program.

If you meet all these criteria, then you may be a good candidate to achieve compliance through the Streamlined Offshore Procedures.

The IRS designed the procedures in order to set a system for filing amended or delinquent returns and to set terms for resolving their tax and penalty obligations.

Many people are truly non-willful when it comes to their tax violations. Oftentimes, these people are living or have family in a foreign country and were unaware of additional tax reporting requirements. However, living abroad does not relieve the filing requirement and may raise new filing requirements.

Remember, once a taxpayer completes the streamlined filing compliance procedures and comes into compliance, the taxpayer is expected by the IRS to comply with U.S. tax law for all future years and file returns according to regular filing procedures.

Streamlined Offshore Procedures vs. OVDP

The Offshore Voluntary Disclosure Program (OVDP) was a program designed for U.S. taxpayers that willfully or intentionally did not report foreign assets and income. It required amending eight years of returns and paying a substantial penalty. This program was designed for U.S. taxpayers concerned about criminal prosecution. However, as of September 2018, the IRS ended the Offshore Voluntary Disclosure Program.

Our California-licensed Kugelman Law attorneys can guide you through Streamlined Offshore Procedures so that you can achieve compliance and safely avoid penalties and criminal prosecution.

We have helped many clients disclose unreported foreign income and assets through available disclosure procedures. Most taxpayers inadvertently violate these rules, which is why the IRS has disclosure programs for such taxpayers to achieve compliance.

By working with Kugelman Law, you will get to benefit from the tax expertise of our attorneys who have helped clients throughout San Francisco, Irvine, California and the world just like you.

Our lawyers’ combined decades of experience include serving as an IRS Chief Counsel attorney as well as years spent at the U.S. Tax Court and a U.S. District Court. You have a trusted tax law partner in Kugelman Law. Please contact us today to help resolve your foreign tax issues.

Client Reviews
★★★★★
Alexander helped me break down my tax situation and used his expertise to figure out the next actionable steps, make sure that all the bases were covered (that I wasn't aware even existed), and confirm that things were done correctly. If you are confused and stuck in a difficult tax situation, Alexander will guide you forward and help you confidently resolve the issue. Henry Wang
★★★★★
If you are having tax trouble, Alexander is the one to help you. He was very professional, personable, and easy to reach. His explanation of the entire process is helpful for easing the stress that is associated with tax trouble. We never felt intimidated or out of the loop while working with him. The process was handled to our liking and we are satisfied with the results. Even the after care has been phenomenal! Tony W.
★★★★★
If anyone out there is in need of stellar legal tax assistance, look no further and contact Alexander Kugelman. He helped me tremendously with my tax situation and is always there to help when needed. If I can give Alexander more stars, I would because 5 stars is not enough! Thank you for everything, Alex!!! Flo Lauzon
★★★★★
Alexander has been a life saver! I got dragged into some serious IRS issues with a complicated foreign assignment component, which included divorce. Alexander has been working with me to resolve directly with the IRS. Alexander is detail oriented, responsive and I trust him to guide me. I will be using Alexander for all tax related matters from now on! He is stuck with me forever. Eve T.
★★★★★
Alexander helped me understand the IRS audit process and prepared my response. There were certain records that I had lost, but he suggested alternatives that the IRS accepted. Even better, he showed up at the audit for me and I never actually had to talk with the IRS. I didn't have to pay any penalties. I'd definitely recommend hiring Alexander to deal with an IRS issue. L.R.