한국에 거주하시는 고객의 경우 해외거주자 세금보고기한인 6월 15일 이전에 신고서 제출을 원하신다면 한국시간 6월 7일 정오까지 마법사를 완료하셔야 합니다.
(FBAR 신고는 10월 15일로 별도 연장신청없이 자동연장됩니다)
만약 고객과의 커뮤니케이션 및 자료 검토, 보완 과정으로 인해 부득이하게 시간이 더 필요한 경우에는 10월 15일로 연장신청과 함께 서비스를 제공해드릴 예정입니다.
이미 10월 15일로 소득세신고를 미리 연장신청하신 고객은 해당사항 없습니다. 
STREAMLINED PROCEDURE (SFOP/SDOP)

The Streamlined Procedure is an amnesty program offered by the IRS to help eligible U.S. citizens, permanent residents, and resident aliens become compliant with their U.S. filing obligations by allowing them to disclose previously undisclosed income, investments, assets, and accounts. The procedure is split into two categories: Streamlined Foreign Offshore Procedure (SFOP) and Streamlined Domestic Offshore Procedure (SDOP). The main difference between these two is that SFOP filers can disclose all information without being subject to penalties, while SDOP filers are subject to the Title 26 5% miscellaneous offshore penalty. However, both require taxpayer(s) to remit any tax and interest related to these filings with the delinquent or amended returns. 

If you meet the conditions to file under the Streamlined Foreign Offshore Procedure (SFOP), the following penalties will be entirely waived.

- Failure-to-file penalties
- Failure-to-pay penalties
- Accuracy-related penalties
- Information return penalties
- FBAR penalties

However, only FBAR penalties will be waived if you do not meet the conditions for SFOP and must file under the Streamlined Domestic Offshore Procedure (SDOP). Please refer to the table below to see the requirements to file under SFOP and SDOP.
Streamlined Procedure
Streamlined Foreign
Offshore Procedure
(SFOP)
Streamlined Domestic
Offshore Procedure
(SDOP)
ELIGIBILITY
If you are a U.S. citizen, permanent resident or resident alien and meet the following conditions:

1. Physically outside the U.S. for at least 330 full days in any one or more of the most recent three years for which the U.S. tax return due date (or properly applied for extended due date) has passed

2. Failed to report income from a foreign financial asset, pay tax as required by U.S. law, and may have failed to file an FBAR (Form 114) or FATCA (Form 8938) with respect to a foreign financial account where such failures resulted from non-willful conduct 
If you are a U.S. citizen, permanent resident, or resident alien who meets the following criteria:

1. Did not reside outside the U.S. 

2. Have filed a U.S. tax return (if required) for each of the most recent 3 years for which the U.S. tax return due date (or properly applied for extended due date) has passed 

3.
Failed to report gross income from a foreign financial asset, pay tax as required by U.S. law, and may have failed to file an FBAR (Form 114) or FATCA (Form 8938) with respect to a foreign financial account and/or one or more international information returns (ex. Form 3520, 5471) where such failures resulted from non-willful conduct  
TAX YEAR(S) SUBJECT TO REPORTINGDelinquent or amended U.S. tax return for the most recent 3 years for which the U.S. tax return due date has passed
+
Delinquent FBARs for the most recent 6 years for which the FBAR due date has passed 


Amended U.S. tax return for the most recent 3 years for which the U.S. tax return due date has passed
+
Delinquent FBARs for the most recent 6 years for which the FBAR due date has passed 


PENALTIESWaived
Title 26 5% miscellaneous offshore penalty
(5% of the highest year-end total balance/asset value among the most recent 6 years)

Due to the various requirements of the streamlined procedure, this particular service must be done through our offline service with a CPA or EA. Thus, please schedule a consultation meeting using the link below with one of our tax professionals or email us your inquiry to cs@us114.net before proceeding with the streamlined procedure. 

SERVICE
FEE
CATEGORYKRW USDNOTE
STANDARDTAX RETURNS
FOR THE
MOST RECENT
3 YEARS
₩400,000*3
=1,200,000
$390.00*3
=1,170.00
Assuming the taxpayer(s)' income type for the 3 years falls under the standard category from the Form 1040 pricing list

★ FATCA fee not included (must be separately assessed)
★ Listed fee is for SFOP and does not include international shipping fee and value-added tax


FBARs FOR
THE MOST
RECENT
6 YEARS
₩150,000*6
=900,000
$148.00*6
=888.00
CERTIFICATION FORM₩400,000$390
TOTAL₩1,650,000 ~$1550.00 ~
PLUSTAX RETURNS
FOR THE
MOST RECENT
3 YEARS

₩800,000*3
=2,400,000~
$780.00*3
=2,340.00
Assuming the taxpayer(s)' income type for the 3 years falls under the deluxe category from the Form 1040 pricing list

★ FATCA / Form 5471 (foreign corporation) fee not included (must be separately assessed)
★ Listed fee is for SFOP and does not include international shipping fee and value-added tax

FBARs FOR
THE MOST
RECENT
6 YEARS

₩150,000*6
=900,000
$148.00*6
=888.00
CERTIFICATION FORM₩400,000$390
TOTAL₩2,650,000 ~
(SERPARATE SERVICE QUOTE REQUIRED)
$2,500.00 ~
(SERPARATE SERVICE QUOTE REQUIRED)
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