FBAR compliance: Reporting your foreign bank accounts
A Report of Foreign Bank and Financial Accounts must be filed by U.S citizens with financial interests in or authority over ...
Forbes1y
IRS Programs Offer Relief For Late-Filed International Information Returns
In addition to the SFCP and the VDP, the IRS also offers the Delinquent International Information Return Submission (DIIRS) procedures and the Delinquent FBAR Submission procedures. Under the ...
IRS Now Makes International Tax Noncompliance Penalties Harder To Escape
New IRS educational materials from the 2024 Nationwide Tax Forum cover international tax topics such as proper FBAR and FATCA reporting of foreign income and assets.
Military.com8y
Service Members May Need to File a FBAR Report
Those who choose to keep money in foreign banks may need to file a Report of Foreign Bank and Financial Accounts Report (FBAR). The FBAR is a tool used by the federal government to identify ...
JD Supra27d
A Foreign Trust Creates Complex IRS Reporting Requirements
Any United States person/taxpayer with a financial interest in or signatory authority over foreign financial investments or accounts must file an FBAR each year with the IRS if the value of the ...