Streamlined Filing Compliance Procedures

The Streamlined procedure cost at Greenback is a flat $1,750, covering nine filings: three years of delinquent federal tax returns, six years of FBARs at up to 5 accounts each, and Form 14653, the certification that your delinquency was non-willful. Additional FBAR accounts are $60 per group of 5. Any additional forms your situation requires are priced separately at published flat fees, and your total is confirmed before preparation starts.

Your Greenback accountant reviews your situation against the two conditions of the Streamlined Foreign Offshore Procedures before any work begins. Your failure to file must have been non-willful, which the IRS defines as negligence, inadvertence, mistake, or a good-faith misunderstanding of the requirements. You must also have been physically outside the U.S. for at least 330 full days in one or more of the last three years for which the return due date has passed, without a U.S. abode.

Greenback can tell you whether you have a filing obligation before you commit to anything. Your accountant reviews your income sources, residency, and foreign accounts, then confirms whether you need to file, how many years are involved, and which route fits your situation.

Greenback’s Streamlined Package suits three or more missed years with unreported foreign accounts, and Greenback’s Late Tax Return Service suits one or two missed years where the accounts were already reported. The Streamlined Package is the only one of the two that can remove penalties, which is what the $1,750 covers. At $565 per year, two late years cost less than the package, and Greenback runs that comparison before recommending either one.

Greenback’s Streamlined Package files your returns under the Streamlined Foreign Offshore Procedures, which waive failure-to-file, failure-to-pay, accuracy-related, information return, and FBAR penalties for eligible taxpayers. Tax and interest due on the three returns still apply, and penalties already assessed for those years remain.

Greenback confirms you qualify before preparing anything, since the waiver depends on it.

Greenback drafts Form 14653 for you, line by line, as part of the Streamlined Package. The form is the certification in which you explain why you did not file. The IRS reviews it closely, so a Greenback accountant makes sure it is clear, specific, and consistent with the rest of your submission.

Greenback’s package includes up to 5 accounts per FBAR year, and each additional group of 5 is $60 for that year. A year with 8 accounts adds $60, and a year with 12 accounts adds $120.Greenback reviews your accounts and confirms the adjusted total before starting.

Greenback needs only a few answers about your situation at signup. A Greenback accountant then tells you which records matter for each year and helps you rebuild anything missing from bank or payroll statements. The only thing you can provide is your account of why you did not file, which Greenback drafts onto your Form 14653 for you.

Greenback’s Streamlined filing timing depends on how quickly you upload your documents. Once your file is complete, Greenback generally processes a Streamlined package at the same pace as a standard return, often taking a few weeks from receipt of the full documents to filing. IRS processing after submission takes longer and varies by season.

Greenback can still help, and it needs to be notified before any work starts. An IRS notice can affect your eligibility for the Streamlined Program, so Greenback builds your plan around the notice and handles your filings in the order your situation requires.