Get Irs 14654 2014

The IRS 14654 form, also known as the Certification by U.S. Person Residing in the United States for Streamlined Domestic Offshore Procedures, is essential for individuals seeking to comply with tax reporting requirements. This guide provides clear instructions on how to fill out this form online in a user-friendly manner.

Follow the steps to complete and submit the IRS 14654 form online.

1. Click 'Get Form' button to obtain the form and open it in the editor. This will allow you to access the IRS 14654 document for completion.
2. Enter the names of all taxpayers in the designated field at the top of the form. This section is crucial for identification and should accurately reflect the individuals involved, including any joint certifications.
3. Provide the Tax Identification Numbers (TIN) of the taxpayers as requested. Ensure that this information is accurate and clearly legible to avoid processing delays.
4. In the certification section, confirm that you are providing amended income tax returns for the most recent three years. Include all necessary statements confirming that you have previously filed original tax returns for those years.
5. List the tax and interest owed for each of the three years in the breakdown provided. Be sure to calculate and state each amount carefully.
6. Detail any foreign financial assets that you failed to report during that period, marking them clearly on the form as instructed. Adhere to the format required for the descriptions and account numbers.
7. Calculate the highest account balance or asset value among the years listed, which will be used to determine the miscellaneous offshore penalty amount.
8. Complete the penalty computation section by multiplying the highest account balance by 5%. This will provide the total amount for your penalty.
9. Finalize your payment information by confirming the total tax, interest due, and the penalty amount. The total payment should reflect all amounts accurately.
10. In the declaration section, review the statement regarding non-willful conduct and provide specific reasons for your previous omissions in reporting. Be clear and concise.
11. Sign and date the certification, ensuring that all necessary signatures are included, especially if the certification is joint. Make sure your name and TIN are printed clearly.
12. Once all sections are completed, save changes to the document, then download, print, or share the form as needed for submission.

Complete your IRS 14654 form online now to ensure compliance with tax reporting requirements.