@DaveF1006 or any other tax experts.
After reading more about this, I believe it would be better for me to use the
Streamlined Domestic Offshore Procedures instead than just filling the 1040-X and missing FBARs.
I read that doing a quiet disclosure (meaning not going through a special procedure such as Streamlined Domestic OIffshore Procedures) may trigger the IRS and have them audit me.
So I am considering the Streamlined Domestic OIffshore Procedures. It looks like an easy procedure to follow. Also, any Canadian Retirement Fund/Pension are not subject to the Title 5% penality which is good for my situation since I had no contributions nor distributions. Anyone has an opinion on this?
Thank you.
