Streamlined domestic offshore procedure (SDOP)

Overview

The Streamlined Domestic Offshore Procedure an IRS Amnesty Program eligible for individuals, individual taxpayers, and estates who are U.S. residents and fail the non-residency requirement of the SFOP, and who have non-willfully failed to report all income, pay all tax, and submit all required information returns, including FBARs.

One of the most determinative aspects of the eligibility for the SDOP is that the failure to report all income, pay all tax, and submit all required information returns, including FBARs, must be due to non-willful conduct. Non-willful conduct is conduct that is due to negligence, inadvertence, or mistake or conduct that is the result of a good faith misunderstanding of the requirements of the law.

This Program provides many benefits for those taxpayers who are eligible, some of these benefits include:

• Amnesty from the extremely severe "Failure to File" penalties,
• Amnesty from the accuracy related penalties, and
• Amnesty from the FBAR penalties
• Caps the amount of years to file at 3 *without filing through one of the IRS Amnesty programs, the statute of limitations for prior years does not end.

However, although this program provides excellent benefits, it is less lenient and it requires the taxpayer to agree to pay a penalty of 5% of the highest aggregated year-end balance of the taxpayers foreign financial assets during the years in which the taxpayer has failed to properly file.

It is imminent, that the requisites and each part of this program are met correctly, because even the most minor mistake can become costly and turn into serious consequences for the taxpayer. It is for these same reasons, that hiring an licensed lawyer who specializes in expat tax law is one of the best investments you can make to ensure that you become legally compliant with all the pertinent U.S. laws and requisites.

Many firms and companies offer automatic filings with operating systems that don't necessarily take into account your specific personal circumstances. Most importantly, only licensed attorneys can protect your conversations an documentation under Confidentiality, because they are protected by the Attorney-Client Privilege.

As a licensed Attorney, Alexandra Sabalier, Esq. is well-versed in the procedural and substantive tax rules and laws necessary to successfully represent clients involved in IRS tax filing procedures, IRS audits, collection matters and international tax issues.

Start your process today with a Legal Consultation to discuss your case, and study your options to become tax compliant! With this process the sooner you take action to report, truly is the better because the whole point the Amnesty is granted by the IRS is that the taxpayer reports voluntarily. Once the IRS starts a civil examination of taxpayer’s returns for any taxable year, regardless of whether it relates to undisclosed foreign financial assets, the taxpayer will not be eligible to use the streamlined procedures.

Requirements

Individuals, including estates of individual taxpayers, are eligible to use the Streamlined Filing program if:

• They are a U.S. Resident
• They have previously filed a U.S. tax return for each of the most recent 3 years for which the U.S. tax return due date has passed
• They have failed to report gross income from a foreign financial asset and pay tax as required by U.S. law, and may have failed to file an FBAR
• They have failed to report one or more international information returns with respect to the foreign financial asset
• The failures above resulted from non-willful conduct

What's included

Attorney Alexandra Sabalier handles your entire tax and legal submission in-house for a flat-fee. This is what's included at Sabalier Law in the Legal Service of the Streamlined Domestic Offshore Procedure:

• 3 Years of Federal Tax Returns
• 6 Years of FBARs
• Legal analysis of situation and applicability for the program
• Preparation of the IRS Certification by U.S. Person Residing Outside of the U.S statement for the Streamlined Procedure
• Full-service protection post-submission as part of the flat-fee
• CONFIDENTIAL, expert legal representation and guidance throughout your entire tax filing process
• Expert legal preparation and expedited submission of your taxes
• Legal review of your tax forms, to ensure that they are filled out completely and accurately
• Legal guidance in case there are there are any requests for additional information of your accounts and finances for clarification purposes
• Legal advocacy and representation in case an issue arises
• Constant updates on the status of your case
• Timely notification of changes in the tax code, laws and procedures that are relevant for you and your case
• Expert and attentive legal support and representation throughout your tax filing process from the moment you hire me. My work is not done until you have no more legal worries in mind
• And the best part is that at Sabalier Law, all legal services are offered online, using the latest in secure technology to ensure your safety and your comfort, so that you can get the legal representation, information, and communication you need every step of the way throughout your immigration process regardless of where you are located in the world