I have several clients who are US Person, how can Americans Overseas support me in this?

Support from Americans Overseas

Americans Overseas provides support to financial professionals who have one or more clients who are considered US persons. This includes:

• Information and documentation on US tax liability.
• Assistance in gathering required documents for the US return.
• Advice on the Streamlined Procedure for clients who have never filed a tax return.
• Guidance on renunciation of US citizenship

Streamlined Procedure

If the client has never filed a tax return before, can use the procedure called “the Streamlined Procedure”. This procedure involves reporting up to three years back in the U.S. and attaching a statement that the client was unaware. Additionally, account information has been shared for the past six years. The advantage of using a disclosure procedure is that your client will then not be fined for failure to file or late filing, however, there may be a penalty if the return is sent incorrectly or incompletely.

Renunciation of U.S. citizenship

If the client wishes to renounce his or her citizenship, he or she must file a return up to five years back in addition to the year of cancellation and provide bank account information up to six years back. Terminating U.S. citizenship is irreversible and should be carefully considered.

How can I contact you and get more information?

Do you have questions or would like more information for free? Americans Overseas is ready to help you. Please feel free to contact us.

Please email your questions and requests to support@americansoverseas.org. Our team strives to respond as quickly as possible.

Knowledge Center

Visit our knowledge center for comprehensive information on tax liability, regulations, and frequently asked questions.

We are ready to assist you and your clients with all aspects of U.S. tax obligations.