The streamlined filing compliance procedures (called the streamlined procedures for short when the context is clear) is a set of procedures offered by the Internal Revenue Service in the United States to help United States taxpayers (individual taxpayers or couples filing jointly only; institutions cannot avail of these procedures) get back in compliance on the fronts of paying taxes related to their foreign financial assets as well as submitting all required information returns, after having non-willfully fallen out of compliance in one or more previous tax years.[1]
The process used by the IRS to examine submissions under the streamlined filing compliance procedures is described in the Internal Revenue Manual, IRM Section 4.63.3 Offshore Voluntary Disclosure Program, Streamlined Filing Compliance Procedures and Voluntary Disclosure Practice.[2]
- ^ "Streamlined Filing Compliance Procedures". Internal Revenue Service. Retrieved June 29, 2024.
- ^ "4.63.3 Offshore Voluntary Disclosure Program, Streamlined Filing Compliance Procedures and Voluntary Disclosure Practice". Internal Revenue Service. Retrieved June 29, 2024.