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1 Jul 2022, 2:10 pm by Angelina Cameron
 – The taxpayer complies with their IRS obligations and makes sure to file their FBARs. [read post]
21 Jun 2011, 5:06 am by Kelly Phillips Erb
 However, the IRS stresses that FBARs for 2010 are due on June 30, 2011 and must be filed by that date even if you are participating in the initiative. [read post]
31 Mar 2015, 2:30 pm by Dennis N. Brager
The Brager Tax Law Group helps clients fix FBAR problems If you are concerned that you may have failed to fully comply with FBAR or other tax obligation, don’t wait for the IRS to find the mistake and prosecute you. [read post]
14 Aug 2009, 12:00 pm by Robin Mashal
There is a 6 year statute of limitation for the IRS to bring a civil claim for delinquent on their FBAR filings. [read post]
12 Aug 2012, 9:29 am by sandylaw
“A person received a warning letter informing him of the FBAR filing requirement, but the person continues to fail to file the FBAR in subsequent years. [read post]
27 Mar 2024, 11:52 am by Wiggam Law
For example, if you failed to file an FBAR for two years in a row and the IRS determined that your failure was willful, you could face a penalty of $322,340. [read post]
1 Oct 2009, 7:51 pm by Rob Teuber
The fact is, however, that any person or business that has a “foreign financial account” must disclose its existence to the IRS on a Form 90-22.1, commonly known as an FBAR. [read post]
30 Dec 2019, 1:17 am by Bright!Tax Writers
FBARs are filed to FinCEN, and FinCEN penalties are much more stringent than IRS ones. [read post]
21 Sep 2009, 5:35 pm by Dennis N. Brager
We here at Brager Tax Law Group, A P.C. were happy to see the IRS extend the deadline for this FBAR filing requirements. [read post]
16 Jun 2015, 7:08 am by Kelly Phillips Erb
According to IRS, FBAR filings exceeded 1 million for the first time last year. [read post]
28 Dec 2023, 12:59 am by Katelynn Minott, CPA & CEO
FATCA and FBAR comparison chart source – IRS The post FBAR vs 8938: Comparing Two Important Filing Requirements appeared first on Bright! [read post]
23 Sep 2021, 3:21 am by Bright!Tax Writers
” – the IRS Filing an FBAR means filing FinCEN Form 114 online using the BSA E-Filing System. [read post]
6 Oct 2009, 12:51 pm
At the fall meeting of the ABA tax section, government officials from Department of Justice and IRS speaking on a panel addressing offshore accounts and FBAR filing requirements were almost gleeful about their prospects for finding out just who has been hiding money away offshore. [read post]
17 Jun 2012, 9:47 am by sandylaw
The IRS has made various statements about the effect of coming forward now and filing late FBAR’s under the OVDI, most of which encourage participation. [read post]
22 Feb 2011, 11:18 pm by Darrin Mish
 The IRS requires that all who have a foreign bank account fill up a Foreign Bank and Financial Accounts Report (FBAR). [read post]
16 Apr 2009, 12:42 pm
The Internal Revenue Service (IRS) FAQ on FBARs, however, states that this does not include athletes and entertainers who occasionally come to the U.S. to perform. [read post]
24 Jun 2012, 8:43 am by sandylaw
The criminal FBAR penalty guidelines are 3-5 years incarceration. [read post]
17 Aug 2012, 11:04 am
The IRS requires a U.S. citizen with an offshore bank account containing an aggregate value of more than $ 10,000 to file the FBAR. [read post]
21 May 2012, 4:37 pm by Steve
Finally, I have also read that the internal IRS Manual on FBARs urges IRS employees to use common sense in administering the FBAR rules and I have every expectation that they do use common sense and good judgment as they administer this law. [read post]