Challenging IRS Offshore Violations: FBAR Penalty Strategies At Golding & Golding, our international tax law firm specializes exclusively in offshore disclosure and expatriation tax matters. We have represented thousands of taxpayers in over 80 countries with FBAR, FATCA, and other international tax-related matters. Unfortunately, over […]
The IRS Signals the End of Delinquent FBAR Submission Procedures For many years, U.S. Taxpayers who had only unreported foreign accounts and assets and only needed to file the FBAR (FinCEN Form 114) each year could use the Delinquent FBAR Submission Procedures (DFSP) to achieve compliance. Under the Delinquent FBAR Submission […]
  What Taxpayers Should About Foreign Tax Return Penalties Each year, millions of U.S. taxpayers worldwide are required to report their foreign accounts, assets, and investments to the IRS and the U.S. government on various international information reporting or ‘foreign information’ IRS returns. There are many […]
  FBAR (Foreign Bank and Financial Account)  The US Government requires US Taxpayers who own foreign assets and accounts to disclose this foreign account information on FinCEN Form 114 — otherwise known as the FBAR — in addition to filing a US Tax Return. FBAR refers […]