Which years should I file for if I’m using a Streamlined Procedure?

The Streamlined Foreign Offshore Procedures require 3 tax returns + 6 FBARs.

The program stipulates that you must file the 3 most recent delinquent tax returns, including extensions. At the time of writing (Jun 16, 2022), you should file returns for 2019, 2020, and 2021.

Why not 2020, 2021 and 2022? Because your 2022 tax return is not yet overdue. Assuming the program does not change, 2022 return will become overdue (for those abroad) on June 15, 2023.

The IRS has also issued guidance on how to file extensions for those who are behind on their returns. 

*Source -  IRS.

When are FBARs due?

The due date for a FBAR return is April 15th of the following calendar year. So, the due date for 2021 FBARs is April 15, 2022. However, the Treasury is currently granting an automatic 6-month extension for FBARs making the new due date October 15, 2022.

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.

Still need help? Contact Us Contact Us