About Us

Roth IRA vs. traditional IRA: Which retirement account is right for you?

14 Nov 2024

IRS announces inflation-adjusted tax penalties for 2025

12 Nov 2024

IRS announces e-filing shutdown for system update

Services

Pricing plans

Core ($400)
Form 1040 federal tax return package
Premier ($500)
For those with additional income sources beyond the core package.
Streamlined procedure ($1,300)
For those who have not filed and want to become compliant with amnesty from penalties.

Pricing

Tax Guide

Articles

IRS 101

Tax musings

Tax concepts

Expat tax 101

Who we help

Tax guides

IRS forms

Contact

TFX Mobile app

Phone

Contacts

Message us on WhatsApp

Catching up with back taxes

Many U.S. citizens living abroad haven’t filed their U.S. tax returns (some for a brief spell, others for decades) - and the U.S. government knows this. Which is why it’s very important to get caught up as soon as possible - before the IRS finds you first. The laws relating to foreign bank account disclosure (FBAR) are even more stringent - as the penalties for non-compliance are extremely severe.

However - while the IRS carries a big and scary stick, they have also introduced a rather appealing ‘carrot’ in 2012. It’s called the Streamlined Program and requires filing of last 3 years of tax returns and 6 years of FBAR (regardless of how many years the taxpayer has missed). The best part is that the penalties you might be liable to pay for failure to declare foreign bank accounts (those are the really scary ones) will be waived.

There are certainly qualifications for entering the program - but if you can not meet them, there are other venues for getting compliant. Namely - the Offshore Voluntary Disclosure program and the quiet disclosure.

We’ve helped hundreds of expats get up to speed with their U.S. tax returns - using all three programs and are intimately familiar with the pros and cons of each.

Fee structure

Our Flat fee structure is simple and transparent ($350 for Federal Tax return or $450 if Gross Income is over $100,000)

FLAT FEE INCLUDES THE FOLLOWING FORMS:

1040, 2555, 1116, 1 Rental Property (one depreciation schedule).
Up to 10 Bank Interest / Dividend / Brokerage Transactions.
There are many more forms that are included in the Flat Fee package. Click here for the full list.

Our special package

The regular price for Streamlined Procedure services if purchased separately:

Title	Price
3 years of Federal tax returns	$1,050 ( 350 * 3 = $1,050 )
6 years of FBARs	$450 ( 75 * 6 = $450 )
Analysis of situation and applicability for the program	$150
Total:	$1,650

Title

Preparation of the IRS certification by U.S. Person residing outside of the U.S statement for the Streamlined Procedure costs

$300

Preparation of the IRS Certification by U.S. person residing in the U.S statement for the Streamlined Procedure costs

$500

Roth IRA vs. traditional IRA: Which retirement account is right for you?

IRS announces inflation-adjusted tax penalties for 2025

IRS announces e-filing shutdown for system update

Roth IRA vs. traditional IRA: Which retirement account is right for you?

IRS announces inflation-adjusted tax penalties for 2025

IRS announces e-filing shutdown for system update

TFX Mobile app

Phone

Contacts

Catching up with back taxes

Fee structure

WE OFFER A 20% DISCOUNT

Our special package

SAVING YOU 27%