201612.28
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Important Tips for IRS FBAR Reporting of Foreign Accounts in 2017

At Golding & Golding, our entire law practice is dedicated to International Tax Law — with a focus on IRS Offshore Voluntary Disclosure, FBAR, and FATCA. One of the main areas of law we deal with involving IRS offshore voluntary disclosure is the filing of unreported prior year IRS FBARs in order to assist taxpayers…

201612.23
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FBAR Reckless Disregard Standard for Willfulness | Increased IRS Penalty

FBAR Reckless Disregard Standard for Willfulness | Increased IRS Penalty A more updated post on this issue can be found here. While many individuals and Expat websites downplay the importance of reporting foreign bank accounts and other offshore/foreign accounts, it is important to understand that there can be serious penalties in failing to report foreign accounts…