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Frequently Asked Questions(FAQs)

Help for expats living abroad

How does the 5% penalty work?

It applies to the highest year-end aggregate balance of all foreign accounts over the past 6 years—even if some accounts weren’t reportable every year.

Can I include foreign gifts or inheritances in my SDOP?

What if I only forgot to file FBARs but paid tax on all income?

How long does the process take?

What does “non-willful” mean in the eyes of the IRS?

What are the penalties under SDOP?

What happens if I don’t use SDOP?

Can SDOP be used to correct late or missing Forms 3520, 3520-A, or 8938?

What if I received foreign gifts or inherited property abroad?

What if I filed some forms but forgot others?

What foreign accounts or income need to be reported?

How does the 5% penalty work?

It applies to the highest year-end aggregate balance of all foreign accounts over the past 6 years—even if some accounts weren’t reportable every year.

Can I include foreign gifts or inheritances in my SDOP?

What if I only forgot to file FBARs but paid tax on all income?

How long does the process take?

What does “non-willful” mean in the eyes of the IRS?

What are the penalties under SDOP?

What happens if I don’t use SDOP?

Can SDOP be used to correct late or missing Forms 3520, 3520-A, or 8938?

What if I received foreign gifts or inherited property abroad?

What if I filed some forms but forgot others?

What foreign accounts or income need to be reported?

How does the 5% penalty work?

It applies to the highest year-end aggregate balance of all foreign accounts over the past 6 years—even if some accounts weren’t reportable every year.

Can I include foreign gifts or inheritances in my SDOP?

What if I only forgot to file FBARs but paid tax on all income?

How long does the process take?

What does “non-willful” mean in the eyes of the IRS?

What are the penalties under SDOP?

What happens if I don’t use SDOP?

Can SDOP be used to correct late or missing Forms 3520, 3520-A, or 8938?

What if I received foreign gifts or inherited property abroad?

What if I filed some forms but forgot others?

What foreign accounts or income need to be reported?