FBAR Issues
Do you need to file FBAR?
If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, the Bank Secrecy Act may require you to report the account annually to the IRS using Form TD F 90-22.1, Report of Foreign Bank and financial Accounts (FBAR).
The U.S. Government has been extremely active in reviewing offshore activity, and has allocated a lot of new resources in recent years to FBAR cases, because e tax cases tend to turn up substantial revenue from criminal and civil penalties. If you have an issue with FBAR filings, you are strongly advised to get ahead of the problem ASAP.
Call us today at 866-700-1040 and we will review your FBAR situation without charge. Just call to talk… we can answer your questions, and recommend the ideal way to solve the problem.
Explore the resource links below for more articles and free tax advice on the subject of FBAR:
FBAR: Resources, Articles, and Advice
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Recent Posts About FBAR
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