Christine Hradsky No Comments

Foreign Reporting: Changing Landscape for Forgetful Filers

Foreign Reporting

Changes are on the way for anyone who misses a foreign tax filing deadline.

By Bethany Bouw, CPA

Big changes are coming for those who have missed a foreign filing requirement. As we have previously noted, there are a variety of procedures for becoming compliant. One of those methods will soon be closing, and this may signal additional changes on the horizon. Read more

Christine Hradsky No Comments

Foreign Reporting: What to do When You Forgot to File

By Bethany Bouw, CPA

Foreign Reporting

What to do when you forget to file your FBAR.

Picture this, you are sitting at your dining room table and suddenly you realize you missed the Foreign Bank Account Report (FBAR) deadline. Or you remember that you need to tell your accountant about that foreign company you own part of and wonder, “Was I supposed to report anything about this company?” Thankfully, the IRS has provided procedures to follow if this happens to you.  Read more