Skip to content
Round Logo — Smalller size
Wills, Trusts, & Estates Prof Blog
Formerly Hosted by the Law Professor Blogs Network

3 Changes to IRS’ Streamlined Procedures

By Gerry W. Beyer

OffshoreAs I have previously discussed, the IRS’ new Streamlined Program offers better amnesty for US citizen non-residents that have unpaid tax bills on offshore accounts than prior programs. Here are three of the changes to the new program:

  1. No more requirement that the unpaid taxes be less than $1,500
  2. No more risk questionnaire to fill out
  3. Addition of certification that non-compliance was not willful

 See Robert W. Wood, IRS Announces Better Offshore Amnesty Program, Forbes,  June 18, 2014.

Posted in:
Estate Planning - Generally and New Legislation