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Category: Offshore Accounts

Is There Any Way to Avoid Paying FBAR Penalties?

Avoid FBAR Penalties

You may be able to avoid paying FBAR penalties if you qualify for a delinquent FBAR submission or the Streamlined Compliance Procedures.  These voluntary disclosure methods eliminate or reduce your tax penalties while getting you into reporting compliance. ~~~~~~~~~~~~~~~~~~~~~~ Key Insights We Will Discuss:  The qualifications for a delinquent FBAR submission or the Streamlined Procedures. The… Read more »