International Tax - iTechSoul https://itechsoul.com Future Technology And Social Media Wed, 24 Jun 2026 15:48:44 +0000 en-US hourly 1 https://itechsoul.com/wp-content/uploads/2021/10/cropped-itechsoul-favicon-32x32.jpg International Tax - iTechSoul https://itechsoul.com 32 32 IRS Streamlined Foreign Offshore vs Domestic Offshore Procedures: Which One Applies to You? https://itechsoul.com/irs-streamlined-foreign-offshore-vs-domestic-offshore-procedures/ Wed, 24 Jun 2026 15:48:41 +0000 https://itechsoul.com/?p=50856 The IRS offers two separate paths for taxpayers with unreported foreign income or accounts, and choosing the wrong one can result in higher penalties, disqualification from the program, or increased IRS scrutiny. The streamlined foreign offshore procedures exist specifically for people who missed their foreign reporting obligations without willful intent.  But which procedure applies to you depends entirely on where you lived during the years in question. Here’s a breakdown of both programs, who qualifies, how each works, and what’s […]

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