Statute
FBAR
239 published works
Tax
FBAR Civil Willful Penalties Sustained by District Court (2020)
By Board-Certified Tax Law Specialist, Golding
Court Sustains FBAR Civil FBAR Willful Penalties Court Sustains Civil FBAR Willful Penalties in Ott: In U.S. vs. Ott, the Court Sustains Civil FBAR Willful Penalties issued by the IRS.…
Tax
FBAR Retirement (Reporting Plan Accounts & Assets in 2020)
By Golding, Golding Board-Certified Tax Law Specialist
Reporting Foreign Accounts within U.S. Pension & Retirement Plans FBAR Retirement: Reporting Plan Accounts & Assets:The FBAR Retirement Reporting of Foreign Accounts within pension plans can be complicated. Generally, the…
Tax
IRS Assesses Multiple Non Willful FBAR Penalties (2020)
By Board-Certified Tax Law Specialist
How to Avoid the IRS Assessing Multiple Non-Willful FBAR Penalties IRS Assesses Multiple Non-Willful FBAR Penalties: The IRS Assesses Multiple Non-Willful FBAR Penalties in some, but not all non-compliance tax…
U.S. Income Tax for Expatriates, Nonresidents & U.S. International Tax Matters
For 2019 You Will Not Have to report Vitural Currency held in an Offshore Account on Form 114 – This Rule May Change in the Future
For this year the FinCEN has stated: “Currently the FBAR (Form 114) regulations do not define virtual currency held in an offshore account as a type of reportable account. For…
Tax
H-1B Visa FBAR & Who Has to File (IRS Summary 2020)
By Board-Certified Tax Law Specialist
H-1B FBAR Visa Rules: Disclosing Overseas Accounts 2020 H-1B Visa FBAR: Is it Mandatory to Report Offshore Accounts: The H-1B visa FBAR rules for disclosing overseas accounts are complex. That…
Tax
FBAR Penalty Cases & Recent Court Rulings (2019-2020)
By Golding, Golding Board-Certified Tax Law Specialist
FBAR Penalty Cases & Recent Court Rulings (2019-2020) FBAR Penalty Cases & Recent Court Rulings: Several FBAR Penalty Cases were decided in 2019. In 2020, there are bound to be…
Tax
Accidental Americans (U.S. Tax, FBAR & FATCA 2020)
By Board-Certified Tax Law Specialist
Accidental American & U.S. Taxes, FBAR & FATCA Accidental Americans & U.S. Taxes, FBAR & FATCA: The Accidental Americans & U.S. Taxes, FBAR & FATCA is highly complex. With the…
Tax
FBAR Late Filing Penalty (How to Submit Delinquent Forms in 2020)
By Board-Certified Tax Law Specialist
FBAR Late Filing Penalty and How to Submit Delinquent Forms FBAR Late Filing Penalty and How to Submit Delinquent Forms: The FBAR Late Filing Penalty originates from the failure to…
Tax
FBAR Foreign Life Insurance Policy Reporting (FinCEN Form 114)
By Board-Certified Tax Law Specialist
FBAR Foreign Life Insurance Policy Reporting FBAR Foreign Life Insurance Policy Reporting: The FBAR Foreign Life Insurance Policy Reporting IRS rules are complex. Even though most owners of a foreign…
Tax
IRS Seeks Court Judgment for Multiple FBAR Non-Willful Penalties
By Board-Certified Tax Law Specialist
IRS Seeks Court Judgment for Multiple FBAR Non-Willful Penalties IRS Seeks Court Judgment for Multiple FBAR Non-Willful Penalties: The IRS Seeks Court Judgment for Multiple FBAR Non-Willful Penalties in the case…