The United States has two tools with which to collect information on accounts held by its citizens, FATCA and FBAR. Lots of attention has been paid to FATCA, less so to FBAR (Foreign Bank Account Reporting). FBAR targets accounts that U.S. citizens own as well as accounts over which U.S. citizens have signing authority.
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August 17, 2015
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Imagine owing up to $600,000 in penalties on, say, a $20,000 bank account simply because…
You’ve never seen IRS penalties like these was last modified: August 17th, 2015 by US International Tax Advisors
Posted in: Foreign Bank Account Reporting (FBAR)
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July 23, 2015
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July 15, 2015
The FBAR is a disclosure form, not a tax form. So even though it goes…
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June 30, 2015
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June 25, 2015
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June 19, 2015
Some taxpayers are confused about the new Form 8938 and FinCEN Form 114 (Report of…
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Posted in: Blog, Foreign Bank Account Reporting (FBAR)
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August 17, 20150 Comments
Imagine owing up to $600,000 in penalties on, say, a $20,000 bank account simply because…
You’ve never seen IRS penalties like these was last modified: August 17th, 2015 by US International Tax AdvisorsPosted in: Foreign Bank Account Reporting (FBAR) -
July 23, 2015
Do you have any foreign financial accounts, such bank accounts, mutual funds, trusts or brokerage…
Filing Your FBAR: Should You File or Not? was last modified: August 10th, 2015 by US International Tax AdvisorsPosted in: Blog, Foreign Bank Account Reporting (FBAR) -
July 15, 2015
The FBAR is a disclosure form, not a tax form. So even though it goes…
Top 5 FBAR Mistakes was last modified: August 10th, 2015 by US International Tax AdvisorsPosted in: Blog, Foreign Bank Account Reporting (FBAR) -
June 30, 2015
The IRS does not wait for tax season to be on the lookout for non-compliant…
Swiss Banks and the FBAR: What You Need to Know was last modified: August 10th, 2015 by US International Tax AdvisorsPosted in: Blog, Foreign Bank Account Reporting (FBAR) -
June 25, 2015
Every U.S. person that had a financial interest in, or signature or other authority over,…
FBAR Filing Deadline Approaching was last modified: August 10th, 2015 by US International Tax AdvisorsPosted in: Blog, Foreign Bank Account Reporting (FBAR) -
June 25, 2015
Benjamin Franklin once said, “In this world, nothing can be said to be certain, except…
3 Important Things You Have to Know About FBAR was last modified: August 10th, 2015 by US International Tax AdvisorsPosted in: Blog, Foreign Bank Account Reporting (FBAR) -
June 23, 2015
Expat Americans have revealed they don’t feel well-represented by the US government, but many do…
Research Reveals US Expats’ Thoughts on Voting While Abroad was last modified: August 10th, 2015 by US International Tax Advisors -
June 19, 2015
Some taxpayers are confused about the new Form 8938 and FinCEN Form 114 (Report of…
6 Things to Know about Form 8938 and FinCEN Form 114 was last modified: August 10th, 2015 by US International Tax AdvisorsPosted in: Blog, Foreign Bank Account Reporting (FBAR)