Tag Archives: FBAR

FBAR Criminal Penalties (2018) – Civil FBAR vs. Criminal FBAR Penalty

FBAR Criminal Penalties (2018) – Basics of Civil vs. Criminal FBAR Penalty FBAR Criminal Penalties (2018) – Basics of a Civil vs. Criminal FBAR Penalty (Golding & Golding) Unfortunately, some attorneys are intentionally manipulating and twisting how the FBAR laws work … Continue reading

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Courts Serve Deadly FBAR Cocktail: Easier IRS “Willful” Penalty Win

There has been debate as to the “burden of proof” that must be met by the Internal Revenue Service (IRS) in asserting that an FBAR violation was “willful”.  It appears now that enough legal authority exists giving the IRS a … Continue reading

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Internal Revenue Service Reminds Taxpayers to Report Offshore Bank Accounts on FBAR Form

The Internal Revenue Service has issued its annual reminder to taxpayers that they report their foreign assets on their individual tax returns due on April 17, 2018. Individuals with offshore assets such as bank accounts generally have up to three … Continue reading

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FinCEN 114 (FBAR) Filing is on Automatic Extension in 2018

FinCEN 114 (FBAR) Filing is on Automatic Extension in 2018 FinCEN 114 (FBAR) Filing is on Automatic Extension in 2018 by Golding & Golding, A PLC Recently we had a client contact us. She was freaking out, because she just … Continue reading

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IRS Offshore Voluntary Disclosure Program: How to avoid harsh FinCen 114 (FBAR) fines

If you own foreign assets, then you have certain US income tax filing rules that you must follow if the account balance in the account exceeds $10,000 (for instance the FinCen Form 114). The IRS filing requirement for foreign assets … Continue reading

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