Any individual or business with assets worth north of US $10,000 must annually declare their holdings to the feds. It’s known as the Foreign Bank Account Report. If you’re unfamiliar with the regulation, contact our FBAR legal team. We’ll walk you through the process and develop a plan to make amends for delinquent reporting requirements.
People and businesses with overseas holdings totaling more than $10,000 must file FBAR tax paperwork. Failing to do so can lead to jail.Read »
The Internal Revenue Service requires individuals and businesses to disclose foreign asset holdings yearly. Are you compliant?Read »
Hiding assets from the Internal Revenue Service is never, ever a good idea. But if it happens, there are ways to come clean without incurring criminal penalties.Read »
If you have money or material holdings in a foreign country, the IRS wants to know about it. And if you don't tell, the consequences can be catastrophic.Read »
Anyone with more than $10,000 in overseas assets must comply with Foreign Bank and Financial Accounts Reporting (FBAR) regulations.Read »
Do you have more than $10,000 in overseas financial holdings? If so, the U.S. government requires you to report their value and standing annually.Read »
People who have $10,000 or more in foreign holdings must submit foreign financial holding reports, to the U.S. government, on an annual basis.Read »