Good News for Taxpayers Living Abroad with Unfiled Tax Returns or FBAR Reports

Beginning September 1st, some taxpayers living abroad who have not filed tax returns will get help from the IRS, if little or no back taxes are due. This is a great relief to taxpayers who have lived overseas and have failed to file timely tax returns or Reports of Foreign Bank and Financial Accounts (FBARs). In many cases, the taxpayer is unaware of the FBAR requirement and the associated penalties which are disproportionate to the potential harm to the government for the taxpayer's failure to file particularly if little or no additional tax is due.

If a taxpayer is considered a low compliance risk, he or she may now get into compliance without penalties and without being subject to additional IRS enforcement action. Typically, the taxpayer will not have complex tax returns and will owe $1,500 or less in a given year. There is no protection from criminal prosecution under this program therefore a careful analysis is required.

Contact our office to learn how this program may affect you.

No Comments

Leave a comment
Comment Information

Contact the Law Office of Williams & Associates

For more information about our tax law services, or to discuss your tax matter, call our Sacramento office at (916) 488-8501 or toll free at (800) 684-7147. You may also send us an inquiry via email.

Contact the Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Office Location:

3600 American River Drive, Suite 135
Sacramento, CA 95864

Toll Free: 800-684-7147
Phone: 916-488-8501
Fax: 916-488-8196
Sacramento Law Office Map