The word FBAR brings some sort of fear out of people. Yes it is a four letter word but we can help take the fear and worry out of FBAR.
We are an affordable tax specialty firm.
We are comprised of Board Certified Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents who were Managers and Former IRS instructors who taught Tax Law at the IRS.
We are IRS Tax Experts in FBAR. You may call us for a no cost professional tax consultation at 1-866-700-1040. You will speak directly to a tax professional. You will hear the truth and ways to alleviate your fears and worries. All calls can be made if requested under attorney-client privilege.
Why so much information about FBAR of late.
Once the Feds were able to get information from Swiss Financial and Banking institutions the US government found a huge amount of undisclosed monies. Billions and billions of dollars have seemed to go unreported and untaxed.
After the Swiss gave way so to did other countries from US pressure. The IRS has and is putting tax treaties in place to get a firm handle on this international market to collect all dollars it has coming in as revenue to its coffers. IRS is in a ruthless pursuit to catch tax cheats.
IRS has offered two programs thus far and has collected thru FBAR reporting over $5 Billion in tax and penalties. FBAR has made a big hit with the Congress. It is a pure revenue generator without taxation.
The fear of criminal prosecution and large fines have drove 33,000 taxpayers forward to file and pay large FBAR fines.
If you have a situation or a potential problem and you would like to speak about regarding FBAR or other issues, please call our Tax Attorneys, Tax Lawyers or Former IRS agents for a free consultation. Skype available.
What is an FBAR?
An FBAR is a Report of Foreign Bank and Financial Accounts. The form number is TD F 90-22.1 (PDF)
Who must file an FBAR?
A. Any United States person who has a financial interest in or signature authority or other authority over any financial account in a foreign country, if the aggregate value of these accounts exceeds $10,000 at any time during the calendar year. See also Notice 2010-23.
FBAR ATTORNEY, – Former IRS, Tax Attorney, Lawyers, FBAR EXPERTS, “A” Plus Rated
