Is the IRS Investigating You for Foreign Account/Asset Violations (2018, Golding & Golding) Is the IRS Investigating You for FBAR or FATCA Violations (2018)? Over the last year, we have spoken with many individuals who are under FBAR or FATCA audit, examination or investigation by the US government for not properly disclosing therefore in accounts, assess come investments, or income to the United States. Common questions we receive about IRS FBAR or FATCA Investigation: What is an FBAR? What is FATCA? Why do I have to report my foreign money to the IRS? What happens if I did a Quiet Disclosure? What are the penalties? Will I Go to Jail? Reporting Foreign Accounts & Assets Ever since the introduction of FATCA (and even the years preceding the introduction of FATCA), the United States has made the reporting of foreign assets and other information to the IRS the key enforcement priority. The IRS has the right to issue extensive fines and penalties…
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