SFOP vs. SDOP: Two Streamlined Paths to Fix Unreported Foreign Income and FBARs
Missed reporting foreign income or FBARs, and it was non-willful? Compare the IRS Streamlined Foreign Offshore (SFOP) and Streamlined Domestic Offshore (SDOP) procedures: the non-residency test, 3 years of returns, 6 years of FBARs, Forms 14653/14654, the SDOP 5% penalty base, and who should not use streamlined.
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