If you had foreign accounts in 2015 that in the aggregate topped $10,000 at any time during the year, you should file an FBAR–also called Form 114. June 30, 2016 is the filing deadline, and FinCEN now ...

The form for reporting foreign bank and financial accounts, or FBAR, must be filed by June 30 through the BSA E-Filing System, the IRS is reminding taxpayers. For 2014, FBARs must be e-filed using the ...

If you have foreign financial accounts and you missed submitting one key form to the IRS, the resulting penalties could be harsh. Wait … it’s June. You thought you were done with your taxes this year.

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

IMGCAP(1)]There are a number of due dates that don’t apply to all taxpayers, but are easily missed when they do apply and will subject the taxpayer to harsh penalties if they overlook them. For ...

Forbes contributors publish independent expert analyses and insights. Shehan Chandrasekera is the leading expert on cryptocurrency taxes. The recently released FinCEN Notice 2020-2 states that the ...

Practitioners must consider a number of ethics and risk management issues when preparing and filing FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). At the outset, it is ...

In a notice posted to its website on Wednesday, Treasury’s Financial Crimes Enforcement Network (FinCEN) announced that this year’s deadline to e-file FinCEN Form 114, Report of Foreign Bank and ...