» FBAR
Federal Court Imposed Penalties for Reckless FBAR Violations
January 27th, 2017
The difference between willful and non-willful FBAR violations amount to hundreds of thousands of dollars. But what counts as willfulness can sometimes be unclear. A recent federal district court decision says even reckless taxpayers could face stiff…
Read More
Share
IRS Guidance Makes FBAR Penalties More Predictable
October 14th, 2016
When you discover that the IRS is investigating you for failing to report foreign financial accounts it can be intimidating. If you are facing the possibilities of FBAR penalties and criminal imprisonment, Your first question will likely be, “W…
Read More
New IRS Guidelines Limiting FBAR Penalties
November 20th, 2015
Penalties for failure to file required FBAR reports disclosing foreign financial accounts for taxpayers who do not participate in one of the available Offshore Voluntary Disclosure Programs are severe. Civil penalties for non-willful failure to file,…
Read More
Read More
