eBook | Foreign Asset Reporting: Navigating the Choppy Financial Seas.

Common Pitfalls To Avoid When Calculating the FBAR Penalty

To fully understanding your legal duty with respect to disclosing a foreign account on an FBAR, it is first necessary to understand the instructions promulgated by the IRS to prepare an FBAR. A person must file an FBAR informational return if all of the following conditions are met: (1) a “U.S. person”; (2) had a […]