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30 Mar 2009, 6:57 am
The IRS is reducing penalties for taxpayers who self-report delinquent foreign bank account filings. [read post]
30 Jun 2009, 2:06 pm
The reporting of Foreign Bank and Financial Accounts—the FBAR reporting on Form TD F 90-22.1—is impacting more individuals than in the past. [read post]
19 Jan 2012, 4:50 pm by Aaron
The IRS has announced the reopening of the OVDI program. [read post]
20 Apr 2011, 8:11 am by sandylaw
The IRS may not, it may just sort the data and reach out to the top X% if players. [read post]
2 Aug 2012, 2:41 pm by Steve
There is an Easy Fix to the FBAR Problems of Recent American Immigrants:  The tax problems of the Patels can be easily addressed and the IRS presently has the ability to address it now without another Act of Congress: an IRS announcement and Revenue Procedure should be carefully crafted to provide an expedited procedure for recent immigrants to the United States. [read post]
9 Jul 2020, 4:47 am by Bright!Tax Writers
” – the IRS Another great piece of expat tax advice is that when expats file they can claim one or more IRS provisions that reduce their US tax bill. [read post]
9 Oct 2011, 12:56 pm by sandylaw
The reasonable cause for not filing FBAR’s does not go to failure to include gambling winnings in income, however. [read post]
27 Feb 2020, 8:16 am by Bright!Tax Writers
Expats who are behind with their US tax and FBAR filing can catch up without facing penalties under an IRS amnesty program called the Streamlined Procedure, so long as they do so voluntarily (i.e. before the IRS contacts them). [read post]
21 Jan 2021, 12:24 am by Bright!Tax Writers
The IRS is taking steps to ensure that cryptocurrencies such as Bitcoin aren’t used to avoid taxes, so holding virtual currency must now be declared on Form 1040, and foreign crypto accounts will soon have to be reported on FBARs, too. [read post]
13 May 2022, 8:00 am by Rania Combs
You can file the FBAR electronically through the Financial Crimes Enforcement Network’s BSA E-Filing System. [read post]
16 Mar 2011, 6:00 am by Lucas A. Ferrara, Esq.
Chatfield was also ordered to pay more than $96,000 to resolve his civil liability with the IRS for failing to file the required Reports of Foreign Bank and Financial Reports (FBARs) on Forms TD F 90-22.1. [read post]
21 Apr 2020, 8:00 am by Rania Combs
You can file the FBAR electronically through the Financial Crimes Enforcement Network’s BSA E-Filing System. [read post]
27 Jul 2011, 2:29 pm by Aaron
Extensions Originally, the IRS had a hard deadline for the 2011 OVDI of August 31, 2011. [read post]
2 Jun 2013, 6:24 pm by Kelly Phillips Erb
FBAR returns are due on June 30 of the year following the applicable calendar year and there are no extensions. [read post]
29 Sep 2022, 11:13 am by Angelina Cameron
  File your FBAR Forms from the six previous years Typically, US expats only file an FBAR (Foreign Bank Account Report) if the money in their foreign financial accounts exceeds $10,000 at any point in the tax year. [read post]