Statute
FBAR
239 published works
Tax
FBAR Penalty (Revisited and Updated)
By Golding & Golding, Board-Certified Tax Law Specialist
FBAR Penalties (Summary Guide to the IRS FBAR Penalty) Board-Certified Tax Specialist FBAR Penalties: The FBAR penalties are on the rise. The IRS has significantly increased enforcement of Offshore bank…
Rubin On Tax
NO REASONABLE CAUSE DEFENSE FOR FBAR FAILURE
Taxpayers who fail to file an FBAR to report a foreign account can escape penalty if they can show reasonable cause for the failure (if the failure to file was…
Tax
FBAR Willful Penalties (Updated for 2019-2020)
By Golding & Golding, Board-Certified Tax Law Specialist
FBAR Willful Penalty – 50% Maximum Balance, $100K Minimum (Golding & Golding) FBAR Willful Penalty: The IRS FBAR Willful Penalty can be devastating. In recent years, the IRS has taken…
Tax
IRS 2019 Offshore Tax Roundup
By Golding & Golding, Board-Certified Tax Law Specialist
2019 Offshore Tax Roundup: 10 Important IRS Offshore Updates 2019 Offshore Tax Roundup: With 2019 coming to an end and 2020 just around the corner, we wanted to provide our…
Tax Talks
Extension of FBAR Filing Deadline for Certain Filers
By Abraham Gutwein, Amanda H. Nussbaum, David S. Miller, Michael Fernhoff, Xiaoyang Ma
On December 20, 2019, the Financial Crimes Enforcement Network (“FinCEN”) issued Notice 2019-1, extending the filing deadline for the Report of Foreign Bank and Financial Accounts, FinCEN Form 114 (FBAR),…
Tax
Can Taxpayer Prove her FBAR Violation was Unintentional
By Golding & Golding, Board-Certified Tax Law Specialist
Will Defendant Prove Unintentional FBAR Violation to California Court Can a California Resident Prove her FBAR Violation was Unintentional The case at issue is U.S. vs. Fariba Ely Cohen. How…
Banking, Finance and Securities
Federal Circuit Court of Appeals Upholds FBAR Willful Penalty
By Golding & Golding, Board-Certified Tax Law Specialist
Federal Circuit Court of Appeals Upholds FBAR Willful Penalty Federal Circuit Court of Appeals Upholds FBAR Willful Penalty Federal Circuit Court of Appeals Upholds FBAR Willful Penalty: In a major…
Tax
Former CPA Has Been Indicted for Multiple FBAR Violations
By Golding & Golding, Board-Certified Tax Law Specialist
Former CPA Has Been Indicted for Multiple FBAR Violations Former CPA Has Been Indicted for Multiple FBAR Violations Just because a person is tax professional, does not mean they are…
Tax
How the Government Pursues Offshore Account Violations
By Golding & Golding, Board-Certified Tax Law Specialist
How the Government Pursues Offshore Account Violations (Golding & Golding, Board Certified Tax Specialist) Learn How the IRS Pursues Offshore Account Violations FBAR Penalty Assessment & Enforcement Process: In the…
Tax
Offshore Accounts: U.S. Taxpayer Guide to Filing Requirements
By Golding & Golding, Board-Certified Tax Law Specialist
Offshore Accounts: U.S. Taxpayer Guide to Filing Requirements (Golding & Golding – Board Certified Tax Specialist) Offshore Accounts: U.S. Taxpayer Guide to Filing Requirements Offshore accounts: When the IRS or…