Where Form 3520 Streamlined 2023-2024

Music, hello and welcome to our webinar on an in-depth look at the streamlined filing compliance procedures. This webinar is being presented by Esquire Group. This presentation is prepared for educational purposes only. It is not legal or tax advice, nor should it be construed as such. Each individual's circumstances are different. You should seek legal and/or tax advice to address any specific questions you may have. I'm your presenter today. My name is Jimmy Sexton. A little bit about myself, my education. I have a bachelor's in business administration with an emphasis in finance. I also have a JD in LM and international taxation. I'm also the president of Esquire Group, which is an international tax advisory firm with offices in Austria, Germany, the United Arab Emirates, and the USA. We specialize in international taxation, including tax issues facing US citizens and resident aliens living abroad, expatriation, investing or doing business abroad, and foreign investment in the United States. If you'd like to learn a little bit more about me, you can click on this link and read my entire profile. So, before we dive into what the streamlined procedures are, we're briefly going to talk about who US tax laws pertain to. The people that we're going to be talking about that could use or take advantage of the streamlined filing procedures are US taxpayers. US taxpayers are basically US citizens, US permanent residents who are green card holders, or those meeting the substantial presence test. The substantial presence test is basically where you can become a US resident just by spending too much time in the US. So, this would be somebody who's a foreigner, is not a US citizen, and not a green card holder, but spends too much time in the United States. The way the substantial presence...