I’m getting a lot of calls from folks who qualify for streamlined filing. Great! I can help! I’ve been helping people Streamline File for fifteen years which is well before they made it an official policy on the IRS website. It used to be unofficial and just known to insiders. More worrisome is the clients who don’t qualify. The fear people have is that it’s all or nothing. The penalties for the OVDP programme are now 50%. There is definitely a grey area in-between that we exploit regularly.
Welcome to British American Tax. I hope you enjoy this blog. The postings will be breif and mostly about new tax law changes affecting Americans overseas and Europeans with American tax interests.