Forbes

Understanding FATCA: Why File An FBAR And Form 8938 As An Expat Abroad

The Foreign Account Tax Compliance Act is fundamental as it affects how you report your finances, especially as an expat abroad. FATCA is why you may need to file a Report of Foreign Bank and ...
East Oregonian

From the Tax Law Offices of David W. Klasing – When is the IRS Likely to View Your Failure to file Foreign Bank Account Reporting (FBAR) as Criminal Verus Merely Negligent

Under the Bank Secrecy Act, U.S. taxpayers must file an FBAR (FinCEN Form 114) if their foreign financial account balances exceed $10,000 in aggregate at any point during a calendar year. A failure to ...
Business Insider

From the Tax Law Offices of David W. Klasing - Schwarzbaum Case's Illustrates FBAR Willful Penalties and How FBAR Willful Penalties Are Calculated

IRVINE, Calif., April 14, 2023 /PRNewswire/ -- U.S. citizens who hold foreign bank accounts valuing more than $10,000 on any day of the year are required to report file a Report of Foreign Bank and ...
CEOWORLD magazine

Streamlined filing: How to resolve years of unfiled FBARs without criminal risk

Thousands of US executives discover they’ve missed filing Foreign Bank Account Reports (FBARs). Many had no idea the ...