IRS FBAR Reasonable Cause (2018) – FBAR Reasonable Cause 101

IRS FBAR Reasonable Cause (2018) – FBAR Reasonable Cause 101 by Golding & Golding IRS FBAR Reasonable Cause (2018) – FBAR Reasonable Cause 101 So, one way or another you learned that you should have been filing an annual FBAR (Report of Foreign Bank and Financial Account Form) aka FinCEN 114 form…but you haven’t done so. It killed your buzz, ruined your weekend, and now you are staring at a computer screen. FBAR & Google = A Mismatch You quickly jump online and start researching what you are supposed to do. Depending on how good (or bad) your research skills are, you may have landed on a few fear mongering websites. FBAR Fear Mongers These websites will offer you a free initial consultation, and then proceed to tell you you are going to jail for 100 years, and fined a gazillion dollars for not reporting your foreign accounts. Inexperienced FBAR Lawyers Conversely, you may have spoken to other less experienced attorneys who take just enough…

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