201709.19
0

FBAR Penalty Calculations – What You Can Do To Mitigate or Avoid Them

FBAR Penalty Calculations FBAR is the Report of Foreign Bank and Financial Account form. It is a form required to be filed annually by U.S. Persons who have more than $10,000 in foreign accounts on any given day of the year. While there are some exceptions, along with some exclusions, there is not much wiggle room…

201709.19
0

How Do FBAR Attorneys Help with Foreign Account Disclosure?

What Does an FBAR Attorney do? FBAR reporting is part of IRS offshore disclosure, and the Internal Revenue Service has developed many different offshore voluntary disclosure program options for individuals who have not properly reported their foreign accounts. IRS Offshore Disclosure Programs are designed to bring individuals, businesses, and estates into compliance for prior-year failures…

201709.16
0

IRS Passport Revocation – Examples of Foreigners owing $50,000

IRS Passport Revocation or Denial IRS Passport Revocation and IRS Passport Denial is a sad, but true reality. As you may or may not be aware, the U.S. Government recently snuck in a law that allows the IRS to cancel, deny or revoke your passport if you owe more than $50,000 to the IRS. We know what…