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IRS Streamlined Filing

If you are a US citizen living abroad and haven't filed US tax returns in recent years, the Streamlined Foreign Offshore Procedures program gives you a unique opportunity: catch up voluntarily, without penalties.

The program is aimed above all at so-called "Accidental Americans": people born in the US, for example, who have spent their lives abroad and often had no idea they were taxable at all. With our help, you get back into tax compliance safely, professionally and discreetly.

3 years

Tax returns
Form 1040 + schedules

6 years

FBAR filings
for past years

330 days

outside the US with no US abode,
in at least one of three years

$6,000

One flat fee for the entire process. No hidden costs. If your case is especially complex, we agree on any extra work with you openly and in advance.

The flat fee applies to one person.

Check if you qualify

Services Requirements Documents Risks of going it alone After filing Why Mount Bonnell

What we handle for you

The fee of $6,000 covers every step required, from start to finish. We take care of:

01 A thorough review of your individual situation

02 Preparing your US tax returns (Form 1040 + schedules) for the last 3 years

03 Preparing your FBAR filings for the last 6 years

04 Preparing and wording your personal statement (Form 14653) on your non-willful failure to file

05 Translation, coordination and, if needed, liaison with your accountant at home

06 Optional: help with W-9 forms for banks

Key requirements

To take part in the program, you must meet the following conditions:

In at least one of the last three years, no US abode and at least 330 full days outside the US

Your failure to file must have been demonstrably non-willful (for example, you simply didn't know)

You must not be under any ongoing IRS investigation

The documents we need from you

To prepare everything correctly for the IRS, we need, among other things:

Your Social Security Number (copy of the card)

Current address, move-in date, owned or rented

Your home-country tax returns & assessments for the last three years

Proof of investment income, shareholdings, inheritances and gifts

Details of all foreign bank accounts, securities accounts, insurance policies and signing authorities, using our Excel template

Trips to the US in the last three years, with exact dates

Warning

Why simply paying the back taxes yourself is a bad idea

Many clients think they can just "file late" or pay the taxes after the fact. The problem: without the Streamlined procedures, you face stiff penalties, especially for unfiled FBARs.

That is exactly why the Streamlined program was created: a legal, penalty-free way back to tax compliance, as long as you meet the requirements and the formalities are handled correctly.

Already received a letter from the IRS? For late filing or late payment penalties and penalties on information returns such as Form 5472, we file the request for abatement at a fixed price per letter. IRS letters & penalties →

$16,536

maximum per missed filing if the violation was non-willful (per filing, not per account)

$165,353

or 50% of the account balance, whichever is higher, if willful

After filing

No news is good news

The IRS no longer sends confirmation letters. As a rule: no news means good news. The agency only gets in touch if it has questions.

Costs & fees

Flat fee $6,000

This covers the complete handling of a typical case, including all tax returns, FBARs, Form 14653, communication with the IRS and tax documentation. If your situation is especially complex, we agree on any extra work with you openly and in advance. There are no hidden costs.

Why Mount Bonnell?

Mount Bonnell Advisors has years of experience bringing US citizens living abroad back into tax compliance. Many of our clients live in Europe and for a long time knew nothing about their US tax obligations.

We understand both systems and speak both languages, legally and culturally.

Book your consultation now

Want to know whether you qualify for the program? Or need help preparing your documents? We take the time your case deserves: fast, professional and discreet.

Book a consultation →