The U.S. Internal Revenue Service (IRS) understands that some U.S. citizens – including some who are also citizens of another country – residing outside the U.S. have failed to file federal U.S. income tax returns as well as Foreign Bank Account Reports (FBARs) to report their foreign financial holdings. While these individuals may be complying with tax filings and payments in their foreign countries of residence, they are not filing returns in the U.S. In certain cases they are unaware of their U.S. filing obligations and in other cases they have been misadvised on the matter.
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All businesses. File information returns (Form 1099) for certain payments you made during 2011. If y…
Corporations. File a 2011 calendar year income tax return (Form 1120) and pay any tax due. If you wa…
