Tag: foreign assets

What is the Penalty for Not Filing an FBAR Form?

Venar Ayar, JD, LLM (Tax) October 30, 2020 No Comments

Taxpayers who have foreign accounts or interests that exceed $10,000 at any point during the year must submit a Foreign Bank Account Report (FBAR) through the Financial Crimes Enforcement Network…

Amnesty Programs for Your Foreign Bank Accounts

Venar Ayar, JD, LLM (Tax) April 13, 2020 No Comments

If you have money in foreign bank accounts, you are not immune from disclosing that information to the IRS. The Foreign Account Tax Compliance Act (FATCA) requires foreign financial institutions…

How to File an FBAR for Previous Tax Years

Venar Ayar, JD, LLM (Tax) June 14, 2019 No Comments

Immersing yourself into different cultures overseas can be adventurous, but if you’re not careful, you could come back to the states to find yourself out of compliance with the IRS.…

Our tax attorneys have helped thousands of clients solve their IRS problems, and they can help you too.

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