streamlined domestic offshore procedures

[Kat409]

Hello, I came to discover some unreported foreign accounts and foreign income after I filed the original 2024 tax returns end of Feb 2025. I e-filed the amended 2024 return (both federal and NC state) to include the omitted foreign income (about $3k) and 2024 FBAR in first week of Apr 2025. Then I worked to gather the historical information for 2019 to 2023 FBAR. The unreported income for 2022 and 2023 is less than $2K each year. Should I wait until after my amended 2024 returns processed by IRS before filing the streamlined domestic offshore procedures?  Also how should I deal with the NC state return amendment for 2022 and 2023 - should I just e-file the amendment, since I will need to submit paper returns for the streamlined domestic offshore procedures?  thanks

[RobertB4444]

You don't need to wait for the 2024 filing to be completed before filing the offshore procedures.  

I would just efile NC if you can.

@Kat409 

[Kat409]

Since I already e-filed Form 1040X for 2024 and paid the additional tax, when I submit for the SDOP, do I just attach a Form 1040X showing no changes/ no additional tax paid (and marking SDOP in Red on top) to the already amended 2024 returns? I read somewhere that I still need to include 3 years of amended tax returns even though I only need to correct 2022 and 2023 (in my case).  Thanks again!

[RobertB4444]

Amend 2022 and 2023 and then include all three years (2022, 2023, 2024) when you file the SDOP.

@Kat409