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Posts Tagged Wisconsin FBAR attorney

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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Here Comes FATCA II

by Brian Mahany While some analysts still believe Obama’s FATCA law is in trouble, last week 5 of Europe’s biggest economies agreed to create their own FATCA law. Although the United States has considerable world wide economic clout, adding the combined economies of Great Britain, Germany, Spain, France and Italy really signals that FATCA is [...]

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Finding The Right FBAR Lawyer

by Brian Mahany There is a fair amount of confusion as to whether a person needs a lawyer to file FBARs. The answer for most people is no. U.S. taxpayers must report certain offshore financial holdings annually on a Report of Foreign Bank and Financial Accounts. FBAR for short. The FBAR is a separate form [...]

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