FBAR & FATCA Late Filing & Penalty Abatement Specialists

If you filed the FBAR late or not at all, you are considered to be out of compliance. For filers who did not report their FBAR timely, they may become subject to significant fines and penalties – these penalties may be avoided, reduced, or abated through the FBAR Amnesty Programs. Our Board-Certified Tax and Legal Specialist team limits representation exclusively to offshore compliance. We have successfully submitted thousands of offshore disclosures to the IRS.

If the FBAR did not include all of the required foreign accounts, then the FBAR form is considered incomplete. When the form is considered incomplete, taxpayers may still be fined and penalized, but penalties may be limited or avoided. Please avoid fear-mongers and tax attorneys falsely claiming to be ‘ FBAR or Streamlined Procedure Experts.’

The IRS still offers FBAR amnesty programs to assist taxpayers with getting into compliance. The most common programs include the IRS Voluntary Disclosure Program, Streamlined Domestic Offshore and Streamlined Foreign Offshore Procedures, Delinquency Procedures, and Reasonable Cause.