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Posts Tagged FBAR reporting

FBAR Basics – Foreign Reporting 101

We are very pleased and excited to announce that we have just created our first prezi presentation! You can view it here. Given that we concentrate so much of efforts on FBARs, FATCA, offshore bank accounts and foreign reporting, it’s fitting that our first interactive presentation is titled FBAR Basics – Foreign Reporting 101. Hopefully [...]

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Offshore Accounts & FBAR Compliance

Offshore Accounts and FBAR Requirements U.S. law has long required taxpayers with offshore financial interests to report their holdings to the IRS. The Bank Secrecy Act requires that a Report of Foreign Bank and Financial Accounts (FBAR for short) be filed if the aggregate balances of offshore accounts exceed $10,000 at any time during the [...]

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Is IRS To Blame For Huge FBAR Noncompliance Problem?

by Brian Mahany We read about 2 dozens articles each week on offshore reporting, FBARs and the looming FATCA implementation. The rules for these programs are slow in coming and plenty of confusion abounds. Public awareness remains quite low. In fact, most of the clients that come to us never knew they needed to report [...]

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