Those with a Foreign Bank Account Report filling due need to be aware of due date changes, and other important facts.
By Bethany Bouw
If you already know you have a Foreign Bank Account Report (FBAR) filing due, you may be aware that the due date has moved. That due date is coming up fast. In order to make sure you are prepared, we have prepared a five W (Who, What, When, Where, and Why) list for your benefit. Read on to make sure you are better informed about your filing needs. Read more
Make sure you know these seven things before filing your FBAR.
By Bethany Bouw
With globalization reaching new heights, many individuals and entities are faced with questions about reporting their foreign bank accounts. This is a serious matter from both a penalty standpoint and a multi-country perspective. In an effort to locate those attempting to hide taxable income, many countries have agreed to share information regarding accounts held by foreign owners. Failure to file informational reports related to your foreign bank accounts can lead to hefty penalties and stress. Read more