IRS Relief Procedures for Certain Former Citizens
Posted on September 10, 2019
On September 6, 2019, the IRS announced a new procedure that will enable certain individuals who renounced or relinquished their United States citizenship after March 18, 2010, and those who do so between now and when the IRS announces an end date to this procedure, to come into compliance with their U.S. tax and information return filing obligations without having to pay any tax due, without incurring any delinquency penalties, and without being subject to the U.S. expatriation tax. These new procedures, called the Relief Procedures for Certain Former Citizens (the “Relief Procedures”), are in addition to the IRS’s existing Streamlined Foreign and Domestic Offshore Procedures and they operate differently from the Streamlined Procedures in several respects.
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