U.S. persons having a financial interest in or signature authority over one or more foreign financial accounts - including a bank account, brokerage account, mutual fund, trust, estate, pension, ...

WALLINGFORD, CT / ACCESSWIRE / July 27, 2016 / IRSMedic.com, also known as Parent & Parent, LLP, recently announced that its 2015 FBAR filing guide was successfully shared across social media and ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This article is more than 4 years old. On October 14, 2020, ...

The Report of Foreign Bank and Financial Account, or FBAR, is an annual informational tax report that must be filed by certain U.S. individuals and legal entities to report their foreign bank accounts ...

FBARs are required annually by the Bank Secrecy Act of 1970, P.L. 91-508, as amended. Although the form is issued by the Treasury’s FinCEN, it is filed with the IRS, due each April 15 for the ...

VICENZA, Italy -- Working and living on an overseas installation presents an entirely new realm of financial responsibilities. For those who choose to keep money in Italian or other foreign banks, you ...

IMGCAP(1)]There are a number of due dates that don’t apply to all taxpayers, but are easily missed when they do apply and will subject the taxpayer to harsh penalties if they overlook them. For ...

Over the past 10 years, this column has detailed the Internal Revenue Service's aggressive pursuit of taxpayers with undisclosed offshore accounts. In addition to criminal prosecutions, the IRS's ...

Tax practitioners and taxpayers alike have long grappled with whether virtual currency, aka cryptocurrency, is reportable for purposes of FinCEN Form 114, Report of Foreign Bank and Financial Accounts ...