IRS Form 14654 Certification by U.S. Person Residing in the United States for Streamlined Domestic Offshore Procedures

What Is IRS Form 14654?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on September 1, 2017. As of today, no separate filing guidelines for the form are provided by the IRS.

FAQ

Q: What is IRS Form 14654?
A: IRS Form 14654 is a certification form.

Q: Who needs to fill out IRS Form 14654?
A: U.S. persons residing in the United States who are applying for Streamlined Domestic Offshore Procedures.

Q: What are the Streamlined Domestic Offshore Procedures?
A: The Streamlined Domestic Offshore Procedures are a set of options provided by the IRS for eligible taxpayers to become compliant with their offshore financial accounts.

Q: Why would someone need to fill out IRS Form 14654?
A: To certify their eligibility for the Streamlined Domestic Offshore Procedures.

Q: What information is required on IRS Form 14654?
A: The form requires personal identification information, tax filing information, and details about the offshore accounts.

Q: Are there any filing fees for submitting IRS Form 14654?
A: No, there are no filing fees for submitting this form.

Q: Can IRS Form 14654 be submitted electronically?
A: No, this form needs to be submitted by mail to the IRS address provided on the form instructions.

Q: How long does it take for the IRS to process IRS Form 14654?
A: The processing time can vary, but it generally takes several weeks or months for the IRS to review and process the form.

Q: What happens after IRS Form 14654 is submitted?
A: The IRS will review the form and may request additional information or clarification. If approved, the taxpayer will continue with the Streamlined Domestic Offshore Procedures.