Amnesty Programs

US Amnesty Programs

Are you a U.S. taxpayer who has fallen behind on your tax obligations, either through non-filing, underreporting income, or failing to disclose foreign assets?

Don't let the fear of penalties and consequences prevent you from addressing your tax issues.

Our specialized tax services for U.S. amnesty programs are designed to help you come into compliance with the IRS and resolve your tax matters efficiently and effectively.

Here's how we can assist y

1. Amnesty Program Evaluation:

We'll start by evaluating your eligibility for various IRS amnesty programs, including the Offshore Voluntary Disclosure Program (OVDP), Streamlined Filing Compliance Procedures, and the Delinquent FBAR Submission Procedures. Each program has its own eligibility criteria and benefits, and we'll help you determine the best option based on your specific circumstances.

2. Program Enrollment Assistance:

Once we've identified the most suitable amnesty program for your situation, we'll assist you with the enrollment process, ensuring that all required forms and disclosures are accurately completed and submitted to the IRS. Our team will guide you through each step of the enrollment process, from gathering necessary documentation to communicating with the IRS on your behalf.

3. Tax Compliance Resolution:

Our goal is to help you achieve full compliance with U.S. tax laws and reporting requirements. Whether you need to file delinquent tax returns, amend prior returns, or disclose unreported foreign assets, we'll work diligently to rectify any outstanding tax issues and bring you up to date with your tax filings.

4. Penalty Mitigation Strategies:

Penalties for non-compliance with U.S. tax laws can be severe, but in many cases, they can be mitigated or even waived through participation in IRS amnesty programs. We'll develop tailored penalty mitigation strategies to minimize your exposure to penalties and help you achieve the best possible outcome under the circumstances.

5. IRS Communication and Representation:

Dealing with the IRS can be intimidating, but you don't have to face it alone. Our team will serve as your advocate in all communications with the IRS, representing your interests and ensuring that your rights are protected throughout the process. We'll handle all correspondence, inquiries, and negotiations with the IRS on your behalf, allowing you to focus on moving forward with confidence.

6. Ongoing Compliance Support:

Once you've successfully completed the IRS amnesty program, we'll provide ongoing support to help you maintain compliance with U.S .tax laws in the future. From implementing tax planning strategies to ensuring timely filing of tax returns and FBARs, we'll be with you every step of the way to prevent future tax issues and provide peace of mind.

With Sunstone CPA's comprehensive tax services for U.S. amnesty programs, you can take control of your tax situation and move forward with confidence. Contact us today to schedule a consultation and take the first step toward resolving your tax matters.