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Top 5 FBAR Mistakes

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The FBAR is a disclosure form, not a tax form. So even though it goes to the treasury department, it’s not like there’s any money owed.

Nonetheless, this is not something to be taken lightly, as the penalty for failing to file can be anywhere from $10,000 to 50% of the amount in each account for each violation. It can even come with jail time.

To help you stay out of the government’s crosshairs, I want to go over the top 5 mistakes people make when it comes to the FBAR. (Note that this is not official tax advice, so please go over all of this with your personal tax accountant.)

Read the full article…

Top 5 FBAR Mistakes was last modified: August 10th, 2015 by US International Tax Advisors
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About Us

US International Tax Advisors provide expert tax advice and services to clients in the Metro DC area, across the United States and throughout the world. Our advisors have deep expertise in international tax compliance, litigation & investigations, international business consulting and information storage services.

Our understanding of complex tax laws and reporting regulations around the globe make US International Tax Advisors the preferred choice for clients who want guidance and direction that is specific to their needs.

Our team of attorneys, CPAs and financial professionals counsel individuals, trusts, estates and companies on issues related to international tax compliance, FBAR, FATCA, IRS voluntary disclosure and amnesty programs. We serve clients both in the United States and overseas, including foreign nationals residing in the U.S. and American citizens working or residing in other countries.

Our Services

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  • Contact Us
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Locations

US International Tax Advisors
1602 L Street, NW, Suite 401 
Washington, DC 20036

(844) 796-8565

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