FBAR Penalties



Effective July 1, 2013, FBARs must be filed electronically using the E-Filing System maintained by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”). 

This mandatory electronic filing requirement applies to all FBARs, and to amendments of previously filed FBARs, that are submitted by individuals or by entities on or after the effective date.

Comments

Popular posts from this blog

Perpetual Nomad? Is it possible to pay taxes nowhere?

6 Steps to Starting Your Location Independent Business

Navigating the Post-Wayfair World

Converting an LLC to an S Corp

Taxation of Digital Products