Glossary · US Tax
Streamlined Filing Compliance Procedures
The Streamlined Procedures are an IRS amnesty programme letting US taxpayers who failed to file returns or FBARs non-wilfully catch up — typically penalty-free — by filing a limited number of back years and a certification of non-wilful conduct.
In more detail
Designed for taxpayers whose failure to file was non-wilful (they simply did not know), the Streamlined Procedures require filing three years of amended/late returns and six years of FBARs, plus a certification explaining the non-wilful conduct. The offshore version (for those living abroad) generally carries no penalties; the domestic version carries a reduced penalty. Coming forward before the IRS makes contact preserves eligibility.
Related terms
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