201610.31
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IRS FBAR FAQ – Summary Review of FBAR Penalty Questions & Answers

FBAR Penalty Guide: The IRS Takes FBAR Filing and FBAR Reporting very seriously. The failure to timely file Report of Foreign Bank and Financial Account forms may result in significant Fines and Penalties, which are detailed below. FBAR Penalties An FBAR is a Report of Foreign Bank and Financial Account Form; it is also referred to as…