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22 Aug 2011, 10:20 pm by LindaMBeale
  And that information is required to be reported to the IRS on Form TD F 90-22.1, fondly known as a "FBAR" by tax practitioners advising clients about their offshore reporting obligations. [read post]
21 Aug 2011, 8:14 pm by Russ
I like Joe Kristan’s terminology for the IRS’ efforts going after anyone who hasn’t filed an FBAR…even if they don’t really owe any additional tax: Using a shotgun to get jaywalkers. [read post]
21 Aug 2011, 9:19 am by sandylaw
Will the IRS asset a penalty based upon willful or non-willful conduct if the taxpayer is found after August 31, 2011 to have failed to file FBAR’s? [read post]
15 Aug 2011, 6:58 am by Joe Kristan
Jack Townsend has the latest on the IRS FBAR amnesty, including news on when you have to pay interest and... [read post]
10 Aug 2011, 7:04 am by Joe Kristan
The way the IRS administers the foreign financial account (FBAR) reporting program, including the two botched amnesties, is the financial... [read post]
9 Aug 2011, 5:45 am by Peter
But there is good news: If you amend your tax returns and file your past due Foreign Bank Account Returns (FBARs) by August 31, 2011, the IRS will: [...] [read post]
29 Jul 2011, 11:39 am by sandylaw
  A record match system may occur later when the IRS compares FATCA reports with income tax return disclosures required under new IRC§6038D. [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]
19 Jul 2011, 7:00 am
The IRS has published FAQ 25.1 which provides that if an FBAR penalties. [read post]
8 Jul 2011, 7:14 am by Kelly Phillips Erb
The IRS often has rules on the books (like FBARs) that they don’t make an issue until *something* happens. [read post]
7 Jul 2011, 7:00 am
The press release is further evidence of the hardline positions that the IRS continues to take in FBAR cases. [read post]
5 Jul 2011, 10:37 am by Aaron
Earlier this year the IRS announced the 2011 Offshore Voluntary Disclosure Initiative (FBAR Amnesty, OVDI). [read post]
30 Jun 2011, 7:00 am
The IRS recently issued a press release reminding foreign bank account holders of FBAR reporting requirements and deadlines. [read post]
30 Jun 2011, 6:57 am by Greg Herman-Giddens
No penalty will be asserted if IRS determines that the late filings were due to reasonable cause. [read post]
29 Jun 2011, 11:00 am by Lucas A. Ferrara, Esq.
., was indicted yesterday by a federal grand jury in Milwaukee on four counts of willfully filing materially false tax returns and four counts of failing to file Reports of Foreign Bank and Financial Accounts (FBARs), the Department of Justice and Internal Revenue Service (IRS) announced. [read post]
28 Jun 2011, 2:28 pm by McNabb Associates, P.C.
., was indicted today by a federal grand jury in Milwaukee on four counts of willfully filing materially false tax returns and four counts of failing to file Reports of Foreign Bank and Financial Accounts (FBARs), the Department of Justice and Internal Revenue Service (IRS) announced. [read post]
27 Jun 2011, 6:33 am by Patti Spencer
It does not address the issue of failure to file the Report of Foreign Bank and Financial Accounts (FBAR) disclosing the foreign account. [read post]
23 Jun 2011, 7:00 am
U.S. residents who maintain offshore bank accounts are required to file foreign bank account reports TDF 90-22.1 (FBAR). [read post]
22 Jun 2011, 9:18 am by sandylaw
” He noted that compliance with Sections 6038D and 1298(f) does not relieve a person of the responsibility to file a Report of Foreign Bank and Financial Accounts (FBAR), if that form is required. [read post]