Unfiled, Past Due FBAR – FBAR Experts – FBAR Reporting 1-866-700-1040
The last thing you want to do is have a letter or a knock on your door from the Internal Revenue Service indicating that you have not filed past-due FBAR reports.
The feds are digging in deep to all taxpayers who were required to file FBAR reports and the reason is quite simple.
Over the last three filing seasons the Internal Revenue Service has collected $5 billion in revenue just from those taxpayers coming forward and amending unfiled or past-due FBAR returns and the related income tax returns.
With this type of money on the line, the federal government is beefing up their resources to go ahead and continue the revenue hunt and bring those who have unfiled or past due FBARs to criminal prosecution.
It is in your best interest to make sure you come forward before the Internal Revenue Service reaches out to you.
Once you are contacted by the Internal Revenue Service it may be too late because you could find yourself in the middle of a criminal investigation with both the Department of Justice and the IRS.
I should inform you that most of these cases are very simple and I do not want taxpayers to be alarmed or to live in fear. Simply by making a voluntary disclosure you can live without the worry or fear.
If you have any questions we can help relieve any of the fear you have as a result of unfiled or past due FBAR reports. Simply call us today and you will speak directly to a certified FBAR tax attorney expert who can help you take care of the situation once and for all. Remember reach out to IRS before they reach out to you.
We are comprised of Tax Attorneys, CPA’s and Former IRS Agents. We know the IRS system inside and out. We have over 60 years of direct IRS work experience in the local, district and regional offices of the IRS. We also taught Tax Law at the IRS.
As a general rule IRS will not enforce criminal penalties if you contact them before they contact you. The key is letting IRS know you will be filing your tax returns. At this point it only becomes a civil matter.
As a general rule, we contact IRS by filing a power of attorney so you will never speak to the IRS. We handle all the negotiations and settle the case so you pay the lowest amount allowed by law including the abatement of penalties and interest if your case warrants.
Who needs to file FBAR
A person or individual who holds a foreign financial account may have a reporting obligation even though the account produces no taxable income.
How to file Unfiled or Past due FBARs
Checking the appropriate block on FBAR- related federal tax return or information return questions (for example, on Schedule B of Form 1040, the “Other Information” section of Form 1041, Schedule B of Form 1065, and Schedule N of Form 1120) and filing the FBAR, satisfies the account holder’s reporting obligation.
FBAR is not filed with,
The FBAR is not filed with the filer’s federal income tax return. The granting, by the IRS, of an extension to file federal income tax returns does not extend the due date for filing an FBAR.
Due Date for FBAR
You may not request an extension for filing the FBAR. The FBAR is an annual report and must be received by the Department of the Treasury in Detroit, MI, at one of the two addresses below, on or before June 30th of the year following the calendar year being reported.
File by mailing the FBAR to:
United States Department of the Treasury
P.O. Box 32621
Detroit, MI 48232-0621
If an express delivery service is required for a timely filed FBAR, address the parcel to:
IRS Enterprise Computing Center
ATTN: CTR Operations Mail room, 4th Floor
985 Michigan Avenue
Detroit, MI 48226
Call us today for a no cost consultation and speak directly to a Tax Attorney or Former IRS agent 1-866-700-1040.
Unfiled, Past Due FBAR – FBAR Experts, FBAR Reporting – Professional Tax Firm, Nationwide
