US Voluntary Tax Disclosure Program Ends

The United States has had various programs to allow U.S. taxpayers to come clean about delinquent tax filings and avoid penalties and interest. Many United States citizens or green card holders with improperly surrendered cards now living in Canada have taken advantage of this streamlined filing program. To qualify, individuals are simply required to file three years’ worth of 1040 personal returns with related forms and six years of what is known as the Foreign Bank Account Report...