Correct Missed U.S. Filings
How It Works
Schedule a strategy call
Gather records & certify non-willfulness
File 3 years of tax returns + 6 years of FBARs
Client Testimonial
The Streamlined Foreign Offshore Procedures (SFOP) were created by the IRS to help U.S. taxpayers residing outside the United States come into compliance with offshore reporting requirements without facing penalties. This program is ideal for individuals who failed to report foreign accounts, income, or assets due to non-willful conduct.
Who Qualifies for SFOP?
● You must be a U.S. citizen or Green Card holder living outside the U.S. for at least 330 full days in one of the past three years.
● You must have failed to file FBARs, Form 8938, or report foreign income due to non-willful reasons (e.g., misunderstanding or lack of knowledge).
What’s Required?
● File 3 years of late or amended tax returns, including all required forms (e.g., 8938, 1116, 2555).
● File 6 years of FBARs (FinCEN Form 114).
● Submit a signed certification form explaining your non-willful conduct and confirming your eligibility.
Key Benefits of SFOP
● No penalties assessed (unlike SDOP, which includes a 5% penalty).
● Faster and more efficient resolution process.
● Brings taxpayers into full compliance with IRS and Treasury Department.
Why Choose Offshore Relief?
Schedule a confidential consultation today to see if SFOP is right for you or drop us an email.