Foreign Compliance Services

Late Filing of Foreign Accounts & Corporations

US persons with unreported foreign bank accounts, financial assets, or foreign corporation ownership have options to come into compliance and avoid severe penalties. We can help.

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IRS Streamlined Procedures

What If You Forgot to File Your FBAR?

The IRS Streamlined Filing Compliance Procedures are designed for taxpayers who failed to report foreign financial assets and pay all tax due, but whose failure was non-willful. This program offers a path back to compliance with reduced penalties.

3 Years of Tax Returns
File 3 years of amended or delinquent federal tax returns to report previously unreported foreign income and assets.
6 Years of FBARs
File 6 years of delinquent FBARs (FinCEN Form 114) to report foreign bank and financial accounts.
Reduced Penalties
Pay a 5% miscellaneous offshore penalty for domestic filers, or 0% penalty for qualifying foreign filers.
Non-Willful Certification
Submit a certification statement explaining that your failure to report was non-willful conduct.

Streamlined Procedures — Starting at

$1,500

Base price for the complete Streamlined Filing package. Complexity adjustments may apply.

Delinquent FBAR

Delinquent FBAR Filing — Fix It Before the IRS Finds You

If you have not filed FBARs but have no unreported income or unpaid tax, the Delinquent FBAR Submission Procedures offer a simpler path to compliance — potentially with no penalties at all.

  • File delinquent FBARs with a reasonable cause statement explaining why filings were late.
  • No penalties if you properly reported all income and paid all tax — and the IRS hasn't contacted you yet.
  • A simpler and more straightforward process than the full Streamlined Procedures.

Form 5471

Missed Form 5471? Penalties Are $10,000 Per Year

US persons who are officers, directors, or shareholders with 10% or more ownership in certain foreign corporations are required to file Form 5471. The penalty for failure to file is $10,000 per form, per year — and it adds up fast.

  • Required for US persons who are officers, directors, or 10%+ shareholders of certain foreign corporations.
  • Covers Category 1 through 5 filers with varying information reporting requirements.
  • GILTI (Global Intangible Low-Taxed Income) and Subpart F income calculations when applicable.
  • Late filing penalty of $10,000 per information return, per year — act now to minimize exposure.

Dormant Entities

$800

Foreign corporations with no activity or minimal operations.

Active Entities

$1,000

Active corporations without GILTI or Subpart F inclusion.

Complex Entities

Custom

Active corporations with GILTI or Subpart F income — priced based on complexity.

Ready to Get Back on Track?

Schedule a consultation to discuss your situation. We'll help you understand your options and find the most cost-effective path to compliance.

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