Six years of missed US returns, resolved penalty-free

The challenge

A US citizen living in London discovered they had never filed US returns or FBARs, and feared substantial penalties on years of unreported UK income and accounts.

Our approach

• Assessed eligibility for the IRS Streamlined Foreign Offshore Procedure
• Prepared three years of amended returns and six years of FBARs
• Applied the Foreign Tax Credit to offset UK tax already paid
• Drafted the non-wilful certification statement

The outcome

Brought fully compliant with zero penalties, and no additional US tax owed thanks to treaty and FTC positions.

Anonymised and shared with client permission. Outcomes depend on individual circumstances and are not a guarantee of future results.