U.S. persons having a financial interest in or signature authority over one or more foreign financial accounts, having an aggregate value exceeding $10,000 at any time during 2014 are generally ...

The Internal Revenue Service has extended the deadline for filing a report on foreign bank accounts to Sept. 23 from the original June 30 deadline as it seeks to crack down on offshore tax havens. The ...

On October 28, 2013 the IRS revised the Internal Revenue Manual (IRM) providing guidance and clarification regarding the administrative review of FBAR penalties by ...

The Internal Revenue Service has released new guidance on penalties for failing to file a foreign bank account report, capping the maximum percentage of the penalty and providing new requirements for ...

The United States Department of Treasury is again sharpening its sword upon crypto. In January 2021, the Department of Treasury’s Financial Crimes Enforcement Network issued Notice 2020-2. The Notice ...

June 30 is the deadline for filing the current year Report of Foreign Bank and Financial Accounts, Treasury Form TD F 90-22.1 (FBAR). “United States persons” having a financial interest in or ...

A district court upheld penalties against a taxpayer for failing to file Treasury Form TD F 90-22.1 (superseded by FinCEN Form 114), Report of Foreign Bank and Financial Accounts (FBAR), for four ...

WALLINGFORD, CT / ACCESSWIRE / July 27, 2016 / IRSMedic.com, also known as Parent & Parent, LLP, recently announced that its 2015 FBAR filing guide was successfully shared across social media and ...

Groom Law Group plans to ask the IRS to clarify a recent announcement postponing until at least June 30, 2010, a requirement for pension plans to report for the first time investments in offshore ...