1. Provide specific reasons for your failure to report all income, pay all tax, and submit all required information returns, including FBARs. Include the whole story including favorable and unfavorable facts.
2 Specific reasons, whether favorable or unfavorable to you, should include your personal background, financial background, and anything else you believe is relevant to your failure to report all income, pay all tax, and submit all required information returns, including FBARs.
4 If married taxpayers submitting a joint certification have different reasons, provide the individual reasons for each spouse separately in the statement of facts.
If you need help catching up with past unfiled foreign asset reporting forms you may be qualified for the streamlined program. We can help you come into compliance and reduce or eliminate some very heavy monetary penalties. Email us at email@example.com or go to www.taxmeless.com