The IRS’ streamlined filing procedures were first offered by the IRS on September 1, 2012. Since that time, the IRS has made several revisions. A current summary of the IRS’ Streamlined Filing Compliance Procedures is discussed below.
Do I Qualify for the IRS’ Streamlined Filing Compliance Procedures?
To qualify for the IRS’ Streamlined Filing Compliance Procedures (either Domestic or Foreign), taxpayers must meet the following initial requirements:
- The taxpayer must be an individual taxpayer or an estate of an individual taxpayer.
- The taxpayer must certify in a narrative under penalties of perjury that the conduct was not willful. The relevant conduct requiring certification relates to not only the failure to report income and/or pay tax, but also to submit all required information returns, including FBARs (e., FinCEN Form 114).
- The IRS must not have initiated a civil and/or criminal investigation of the taxpayer for any tax year.
- The taxpayer must have a valid Taxpayer Identification Number (e., TIN).
For streamlined filings under the IRS’ Domestic procedure, the taxpayer must also meet the following requirements: