A failure to file FBARs and Form 8938 can result in numerous civil tax penalties. Criminal penalties are also a possibility, which could result in jail time.
If you’re having tax problems
Unfiled Tax Returns Could Mean You Are Missing Out on Some Serious Cash Are you interested in receiving an extra $847? That was the median tax refund due for unfiled 2014 returns. Unfortunately, if you never filed your return, you missed your chance to get your refund. That’s right, the money’s gone. It’s now property… Read more »