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10 Jun 2015, 3:25 pm
  You can get help and learn about FBAR rules by watching the IRS webinar on this topic. [read post]
28 Apr 2022, 9:00 pm
So, what are the consequences if you didn’t file an FBAR or IRS Form 8938 on April 18, 2022? [read post]
28 Apr 2022, 9:00 pm
If you were supposed to file an FBAR and/or IRS Form 8938 with your 2022 income tax return but didn’t, what should you do now? [read post]
15 Sep 2009, 4:34 am
The IRS Tax Amnesty for Foreign Bank Account Report ("FBAR") filings is ending this coming September 23rd. [read post]
10 Aug 2009, 1:19 pm by Dennis N. Brager
Last week I blogged that UBS and the IRS had announced a preliminary settlement to the lawsuit seeking the names of 52,000 U.S. persons with Swiss bank accounts at UBS who the IRS suspects of tax evasion, and failing to file foreign bank account reports (FBARs). [read post]
23 Jul 2012, 5:04 pm by admin
s to assessing 50% FBAR penalties today, you’ve come a long way, IRS. [read post]
18 Jun 2010, 5:10 pm
This means that the names of 4,450 UBS customers who are suspected of committing tax fraud, and FBAR (Foreign Bank Account Reports, TDF 90-22.1) violations will be turned over to the IRS by the August deadline. [read post]
18 Jun 2010, 5:10 pm by Dennis N. Brager
This means that the names of 4,450 UBS customers who are suspected of committing tax fraud, and FBAR (Foreign Bank Account Reports, TDF 90-22.1) violations will be turned over to the IRS by the August deadline. [read post]
30 Oct 2011, 2:05 pm by sandylaw
The cost of coming forward varies by program, but for the IRS programs, the 2009 FBAR settlement was 20% of the highest aggregate foreign account balance during years 2003-2008. [read post]
1 Aug 2017, 8:34 am by Dennis N. Brager
While this may prevent any future offshore bank account problems, it does not stop the IRS from discovering any past delinquent FBARs and assessing severe civil and/or criminal penalties. [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]
8 May 2009, 12:50 pm
I would point out, however, that the FBAR FAQs still leaves unanswered the question of whether, under appropriate circumstances, the IRS will negotiate lower FBAR penalties under previously issued FBAR guidelines. [read post]
30 Mar 2017, 9:00 pm
   The annual filing date for FBARs is April 15, and the maximum extension of the filing deadline is six-months, according to the IRS. [read post]
13 May 2021, 9:00 pm
When the Internal Revenue Service (IRS) extended the federal income tax filing deadline to May 17 for 2021, this extension did not apply to the obligation to file a Report of Foreign Bank and Financial Accounts (FBAR) with the Financial Crimes Enforcement Network (FinCEN). [read post]
1 Sep 2023, 5:29 am
These rulings underscore the necessity of retaining an experienced Virginia former IRS tax attorney to ensure the best possible outcome for taxpayers facing FBAR-related challenges. [read post]
15 Apr 2021, 9:00 pm
When the Internal Revenue Service (IRS) extended the federal income tax filing deadline to May 17 for 2021, this extension did not apply to the obligation to file a Report of Foreign Bank and Financial Accounts (FBAR) with the Financial Crimes Enforcement Network (FinCEN). [read post]
15 Nov 2012, 8:59 am by admin
    The post The McBride FBAR case appeared first on IRS Medic. [read post]
14 Nov 2013, 10:28 am
The IRS position is that for each foreign financial account that was not listed on the FBAR a separate $10,000 penalty will be imposed. [read post]