FBAR Streamlined Filing Services for U.S. Taxpayers
Get your filings corrected, reduce exposure to IRS scrutiny, and move forward with a process designed for accuracy and acceptance, handled directly by Anthony N. Verni, Attorney at Law (CPA, MBA).
What Is FBAR Streamlined Filing?
FBAR Streamlined Filing refers to the IRS’s special compliance program that allows U.S. taxpayers with unreported foreign financial accounts to come into compliance without facing full penalties as long as the failure to file was non-willful.
This program is formally known as the Streamlined Filing Compliance Procedures (SFCP) and is available in two forms:
- Streamlined Foreign Offshore Procedures (for qualifying U.S. taxpayers living abroad), and
- Streamlined Domestic Offshore Procedures (for qualifying U.S. taxpayers living in the United States).
It is designed to help individuals and businesses correct past filing mistakes related to FBAR (FinCEN Form 114) and foreign income without triggering harsh enforcement actions or audits.
Who Qualifies for Streamlined FBAR Filing?
To use the streamlined procedures, the taxpayer must meet all of the following criteria:
- Non-willful conduct: The failure to report foreign accounts or income must not have been intentional.
- Valid Tax Identification: You must have a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
- No active IRS investigation or audit: You are not eligible if the IRS has already initiated contact regarding your foreign accounts.
- Residency requirement (for foreign procedures only): You must meet the IRS’s test for living outside the U.S.
Verni Tax Law conducts a full eligibility assessment before beginning any filing under this program. This ensures your submission aligns with IRS expectations and avoids unnecessary risk.
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Not Sure If You Qualify?
Let’s Review Your Options Privately
If you’re unsure whether the Streamlined Filing route fits your situation, Anthony N. Verni will review your case with complete confidentiality before any steps are taken.
A single consultation could help you resolve years of uncertainty.
Key Benefits of Streamlined Filing
The FBAR Streamlined Filing Compliance Procedures offer significant legal and financial advantages for eligible taxpayers. When handled correctly, this program helps resolve past reporting issues while minimizing exposure to future IRS actions.
The main benefits include →
- Limited Penalty Exposure: Eligible taxpayers can avoid the 50% willful FBAR penalty and instead face either no penalty (for foreign residents) or a capped 5% penalty (for U.S. residents), significantly reducing financial risk.
- Resolution Without Formal IRS Investigation: Streamlined filings are reviewed through a compliance-based process, not a full audit, which means qualifying taxpayers can correct their records without triggering a detailed IRS examination.
- Clear Path to Compliance: The program outlines exactly what to submit, which is three years of amended tax returns, six years of FBARs, and the non-willfulness certification, creating a defined, manageable process with predictable outcomes.
- Reinstatement of Filing Rights and Refund Claims: Taxpayers may become eligible to claim legitimate foreign tax credits, deductions, or refunds that were previously missed due to non-compliance.
- Closure on Outstanding Offshore Issues: Once accepted, the streamlined submission closes the matter related to past unreported foreign accounts, giving taxpayers peace of mind and preventing future enforcement on those years.
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The benefits are real, but only when the filing is done right.
Let’s help you take full advantage of what streamlined compliance offers: no missteps, no missed opportunities, just accurate filings reviewed by an experienced Attorney–CPA who’s handled hundreds of these cases already.
Our Streamlined FBAR Filing Process →
We follow a precise, step-by-step process to ensure your submission meets all legal and technical requirements under the IRS Streamlined Filing Compliance Procedures.
Step 1: Initial Consultation & Eligibility Assessment
We begin with a confidential consultation to review your tax history, foreign income, and account activity. This helps us determine if you meet the IRS’s non-willful criteria and are eligible for streamlined relief. You’ll receive a clear overview of your options before moving forward.
Step 2: Document Collection & Case Review
Next, we share a personalized checklist of required documents, typically including foreign bank statements, prior tax returns, and income records. Each item is reviewed carefully to ensure your case is fully supported and ready for submission.
Step 3: Return Preparation & FBAR Filing
We prepare three years of amended tax returns, six years of FBARs, and your non-willfulness certification. All filings are completed with full legal accuracy and reviewed line by line to avoid any errors or inconsistencies.
Step 4: Final Review & Submission
Anthony N. Verni, licensed Attorney and CPA, personally reviews your complete file. Once verified, we submit your documents to the IRS using the proper method, whether electronically or by mail.
Step 5: IRS Follow-Up & Representation
After submission, we track the status of your case and remain available to address any IRS follow-up. If the IRS contacts you, we respond directly on your behalf, helping you stay compliant with no further delays or confusion.
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Confidence Doesn’t Come From Filing; It Comes From Doing It Right
When every step is handled with care, reviewed by an experienced Attorney–CPA, and submitted with precision, you get more than compliance; you get peace of mind.
Let’s make sure your filing closes the door on past issues, for good.
Why Choose Verni Tax Law for Streamlined FBAR Filing
- Successful Track Record in IRS and FBAR Compliance
We have consistently resolved complex offshore disclosure cases under the Streamlined Filing Compliance Procedures. Our focus is on accuracy, timeliness, and meeting every IRS requirement. - 25+ Years Handling U.S. Tax and Legal Matters
With over two decades of experience addressing U.S. tax law and procedure, we understand how to approach foreign income and reporting issues with clarity and precision. - Dual Credentials: Attorney–CPA–MBA
Your matter is personally handled by Anthony N. Verni, Attorney at Law (CPA, MBA). This combination of legal, tax, and financial expertise provides a comprehensive, professional approach to every case. - Support for U.S. Taxpayers Living in the U.S. or Abroad
We assist individuals and businesses, whether residing in the United States or overseas, who have U.S. tax obligations linked to foreign accounts, income, or assets. - Flat Fees with No Hidden Charges
Every engagement is quoted transparently at the beginning. You’ll know exactly what to expect, with no hourly rates or surprise fees added along the way. - Private, One-on-One Representation
All matters are handled directly and confidentially. You are never passed between departments, and your information is treated with the highest level of professional care.
Trusted by Clients Who Faced Serious Offshore Filing Risks
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Contact Us – Get Streamlined Filing Help
If you’re facing an IRS Streamlined Filing issue or have received a notice from the IRS, now is the time to act. The earlier we get involved, the more options you may have to reduce or eliminate your liability.
Call (561) 531-8809
Offices in Fort Lauderdale, Florida and Princeton, New Jersey.
Email Add Email
Use the form below or reach out directly to schedule a confidential consultation. Your privacy is respected, and your case will be reviewed personally by Attorney-CPA Anthony N. Verni.
Directions to Our Office
Anthony N. Verni represents individuals and businesses nationwide and abroad, wherever U.S. tax obligations apply
Princeton Office
103 Carnegie Center Blvd., Suite 300, Princeton, NJ 08540
Fort Lauderdale Office
6750 N. Andrews Avenue, Suite 200, Fort Lauderdale, FL 33309
Meetings are by appointment only. Virtual consultations are also available for your convenience.
Our IRS & Tax Services
Please see and take the full list of services from the live website under “Practice Areas.”
About Verni Tax Law
Verni Tax Law is a boutique law practice focused exclusively on serious IRS and tax controversy matters. Founded by Anthony N. Verni, a licensed tax attorney, CPA, and MBA with over 20 years of experience, the firm delivers legal and financial representation rooted in clarity, precision, and integrity.
Anthony represents U.S. taxpayers across all 50 states and globally wherever U.S. tax obligations apply. Every case is approached with discretion, strategic insight, and a commitment to achieving fair, defensible outcomes.
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FAQs
What is the deadline for FBAR streamlined filing?
There is no fixed deadline, but the program is available only as long as the IRS keeps it open. Once the IRS ends the Streamlined Filing Compliance Procedures, taxpayers can no longer use them. Filing sooner helps reduce risks if the IRS initiates contact or ends the program.
Can I use streamlined filing if I already received an IRS notice?
No. If the IRS has already contacted you about your foreign accounts or tax filings, you are not eligible for streamlined filing. Eligibility requires that you are not under civil examination or criminal investigation when you submit.
What forms are required for streamlined FBAR filing?
You must file:
- Three years of amended tax returns (Forms 1040X)
- Six years of FBARs (FinCEN Form 114)
- A signed certification of non-willfulness (Form 14654 or 14653, depending on your residency)
How long does the IRS take to process streamlined filings?
There is no official timeframe, but most submissions are processed within 6 to 12 months. Delays may occur if the IRS requests additional documentation or if the submission is incomplete.
What happens if I make a mistake in my streamlined submission?
Mistakes can lead to rejection of the submission or further IRS inquiry. If the IRS believes you were willful, they may impose higher penalties or pursue other enforcement actions. Accuracy and legal clarity are essential.
Can I file streamlined FBARs electronically?
Yes. FBARs (FinCEN Form 114) are submitted electronically through the BSA E-Filing System, even when filed as part of a streamlined submission.
What is the penalty if I don’t qualify for streamlined filing?
If you don’t qualify, you may face willful FBAR penalties, which can be as high as 50% of the account balance per year. In serious cases, criminal penalties may also apply. Other options like the IRS Criminal Investigation Voluntary Disclosure Practice may be necessary.
How do I prove non-willfulness to the IRS?
You must submit a signed statement explaining your lack of intent to violate U.S. tax laws. This includes detailing how the mistake occurred and why you didn’t know your reporting obligations. Supporting records, email correspondence, or testimony may strengthen your case.
Can I include multiple years in one streamlined submission?
Yes. The streamlined process is designed to correct past noncompliance over a defined period, which is three years of amended returns and six years of FBARs. All required years must be submitted at once.
Is professional help required for streamlined FBAR filing?
While not mandatory, professional guidance is strongly recommended. The process requires legal and tax accuracy, and any errors could lead to penalties or rejection. Working with an experienced Attorney–CPA helps ensure your submission is correct and defensible.
Still Have Questions About Streamlined Filing?
Every situation is different, and some questions deserve a direct answer. If you didn’t find what you were looking for or if your case involves something more specific, feel free to ask.
Submit your question privately, and we’ll get back to you with a clear, professional response.
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