Individual taxpayers who have non-willfully failed to report foreign financial assets
The US and Canada have various tax amnesty programs for those who are filing late. The delinquency may arise nonwilfully, with reasonable cause. Determining which program would be most suitable and yield the best results requires a careful review of a client’s past and present filing history and situation. We have sucessfully helped many clients come forward, get compliant, and avoid or minimize the hefty penalties and the possibility of criminal prosecution from past failures to file.