Streamlined Foreign Offshore Program (SFOP)

from
850

What is the Streamlined Foreign Offshore Program?

The U.S. is one of only two countries that taxes its citizens based on their citizenship, so what this means is that Americans must file taxes in the U.S. on their worldwide income, regardless of what country they reside in. This comes as a surprise to many Americans, especially to the ones who are living abroad because they realize that without knowing it they may be delinquent with the U.S. government.

This is where the SFOP comes to the rescue. The IRS created this program for U.S. expats who were unaware of their tax filing responsibilities in the U.S., to allow them to file their late tax returns, and get compliant with the U.S. laws and requirements penalty free, which means no accuracy penalty, no delinquency penalty and no miscellaneous penalty.

In order to file under this program, you must truthfully have been unaware of your duty to file your U.S. taxes. This is what is known as a non-willful lack of filing. It not fair to say that many U.S. expats are legitimately in this position. In order to proof this to the IRS, as part of this Amnesty Program, you need to sign a statement in which you certify your innocence. This part of the process is one of the most compelling aspects why U.S. expats feel more confident by having a U.S. certified Tax Attorney who can guide and help them through this process, because it is of the utmost important that your certification and your tax filing documents have no mistakes.

If you want to take advantage of this Procedure, it is encouraged you to act quickly. The IRS is lenient toward those who come forward voluntarily, but if they notice your non-compliance before you have taken action, they are much less sympathetic, and the consequences and penalties for not knowingly failing to file your U.S. taxes are costly and serious.

Amongst others, some of the penalties include:

  • $10,000 or each year that you fail to file, or
  • 50% of your bank account balance at the time of the violation
  • Revocation of your U.S. Passport

When a tax issue arises, the guidance and negotiation skills of a n expert and licensed tax attorney are essential. Contact Attorney Alexandra Sabalier, Esq, today for a FREE Initial Legal Consultation so that we can discuss any question and concern you might have that can be addressed in a timely manner.

Why hire me?
  • FREE 30 Minutes Consultation
  • 100% Online and Safe
  • Personal Lawyer
  • Affordable
  • At Sabalier Law, you count with expert legal representation and guidance throughout your entire process as well as support afterwards
  • 100% online services using the latest in secure technology to effectively and successfully represent you and your case no matter where you reside in the world
  • Confidential communication, document review, and legal advise fully protected by the Attorney- Client privilege
  • Unlimited legal consultations via telephone, video-call, and e-mail
  • Fully Billingual communication, and legal services in English and Spanish
  • Expert legal preparation and expedited submission of your documents
  • Constant updates and communication with you on the status of your case, applications, and documents' reviews
  • Timely notification of changes in the laws and procedures that are relevant for your case
  • Attentive personal support throughout our entire Attorney- Client relationship
  • Guaranteed maximum secure electronic payment platforms to ensure smooth and easy payment methods anywhere you are located in the world
Clients Trust Me
5.00
Reviews 8
See more reviews
Thank you Alexandra for your professionalism and quick response. Without you I would have never figured out what is the next step in my brother’s...
Forna Diphicyl
I had the opportunity to speak with Attorney Sabalier and I am glad that our paths crossed. She is knowledgeable, down to earth, empathetic..just truly...
Daniela Belice
Alexandra Sabalier is a gifted lawyer, very professional and incredibly dedicated to her clients. Highly recommend!
LM Soto
© Copyright Sabalier Law 2020
Made with special  by
orsaorin