FBAR Blog: Foreign Bank & Financial Accounts Compliance

Featured FBAR Blog Post

Who Should Not Make an IRS Streamlined FBAR Disclosure?

Contents1 Who Should Not Make an IRS Streamlined FBAR Disclosure?2 Taxpayer is Willful3 Taxpayer Did Not File Original Tax Returns […]

Do You File FBAR for Foreign Retirement Plans, 4 Examples

Contents1 Do I File FBAR for My Overseas Retirement Plans?2 First, Employment Retirement vs Personal Retirement3 Treaty vs Non-Treaty4 Form […]

Examples of FBAR Willfulness and Non-Willfulness, New Cases

Contents1 Examples of FBAR Willfulness and Non-Willfulness2 Totality of the Circumstance Test3 Intent Is Not Required for FBAR Willfulness4 Reckless […]

When Does the IRS Audit Taxpayers for FBAR, 5 Scenarios

Contents1 FBAR Audits2 Intentionally Unreported Foreign Income3 Willfully Unreported Foreign Accounts Assets4 Incomplete FBAR/FATCA5 Misrepresenting U.S. Person Status to Foreign […]

9 Top Questions to Ask an FBAR Lawyer Before Hiring Them

Contents1 9 Top Questions to Ask an FBAR Lawyer2 First, Is the Attorney Board-Certified in Tax Law?3 Is the CPA […]

Foreign Account Quiet Disclosure (FBAR), A Guide for Taxpayers

Contents1 FBAR Quiet Disclosure2 Research and Rabbit Holes3 10 Quiet or Silent Disclosure Risks4 Quiet Disclosure is Illegal5 The Penalties […]

The Requirements for FBAR Reporting: Deadlines and Penalties

Contents1 What is an FBAR?2 First, Who Has to File?3 What is Reported? 4 What Types of Foreign Accounts are Reported?5 […]

Can the IRS Reject a Taxpayer’s Streamlined Filing Submission?

Contents1 Can IRS Reject Streamlined Filing Submissions2 Aggressive Certifications are Not Necessary3 Willfulness, But Sorry4 Willful, But Not Sorry (aka […]

8 New Offshore Disclosure Filing Errors to Avoid in 2024 (New)

Contents1 8 New Offshore Disclosure Filing Errors to Avoid 2 First, Is Your Attorney/EA Really an Offshore Disclosure Specialist?3 Properly […]

Is a Malta Retirement Plan Reported on FBAR, IRS Compliance

Contents1 Is a Malta Retirement Scheme Reported on FBAR, Missed Filing2 What is the FBAR?3 Who is a U.S. Person […]

Do You Feel Hopeless Because You Missed Filing the FBAR?

Contents1 Did You Miss Filing FBAR?2 You Can Regain Your Peace of Mind3 Which Program Do You Qualify?4 What […]

2024 Delinquency Procedures for FBAR: How to Get Compliant

Contents1 Delinquency Procedures for FBAR2 Delinquent FBAR Submission Procedures (DFSP)3 Delinquent International Information Return Submission Procedures (DIIRSP) 4 Streamlined Domestic […]

The FBAR for Expats: A U.S. Tax Guide for Expats Filing FBAR

Contents1 All About Expats and FBAR2 FBAR is Not Limited to Bank Accounts3 Account Held Jointly with Non-Resident4 Full Account […]

The IRS Plans More FBAR Audits and Examinations in 2024

Contents1 IRS FBAR Examinations2 New FBAR Examinations for Foreign Account Violations3 Late Filing Penalties May be Reduced or Avoided4 Current […]

International Tax Form Filing Penalties: Explaining the Basics

Contents1 International Tax Form Filing Penalties2 International Information Return (IIR) Assessable Penalties 3 It is Almost Never Criminal4 You Are […]

The Options For US Taxpayers with Undisclosed Foreign Assets

Contents1 US Taxpayers with Undisclosed Foreign Assets2 Voluntary Disclosure (VDP/OVDP)3 Streamlined Procedures (SFCP/SDOP/SFOP)4 IRS Delinquency Procedures5 Delinquent FBAR Submission Procedures […]

The Defenses to FBAR Penalties: FBAR Strategies for a New Year

Contents1 The Defenses to FBAR Penalties2 Non-Willfulness3 Reasonable Cause Defense to Non-Willfulness4 A Warning Letter In lieu of Penalties5 Reduced […]

Defenses to FBAR Penalties: FBAR Strategies for a New Year