US Resident abroad. Streamlined Foreign Offshore Procedures (SFOP) for FBAR and Tax return amendment.

No, the OVDP and OVDIs the IRS has run in recent years (since 2009 I believe) are pretty procedurally driven. These programs, the Offshore...

Kovel agreements, which are intended to extend attorney-client confidentiality and privilege to the preparation of tax returns for which there may...

Do I have to amend 1040 Tax Form of 2014 even if corrections on income do not change at all the tax due?

Yes, you are obligated to amend your return to report the proper amount of income. The penalty provisions in IRC Section 6662 can apply to gross...

Can I incorporate it as a foreign national ? What are the tax implications for the same.

Yes, you may form a U.S. corporation of other legal entity in the U.S. The entity will file a form 1120 and pay U.S. tax at the marginal rate for...

What taxes I need to be pay? Do I need pay taxes here if I'm going to pay taxes in Ukraine? What kind of taxes and %?

As a U.S. permanent resident, you are required to pay U.S. tax on worldwide income, which means you will generally pay U.S. tax on the gain (if...