IRS offers tax relief for US citizens residing abroad who owe less than $1,500 in tax for a year and come voluntarily and file tax returns for the past 3 years along with the past 6 years of foreign account disclosure forms.
Clearly, according to the IRS, these taxpayers would have to pay back taxes along with interest, but these taxpayers will escape any potential penalties.
Clearly, according to the IRS, these taxpayers would have to pay back taxes along with interest, but these taxpayers will escape any potential penalties.