Understanding the IRS’s Streamlined FBAR Filing Compliance Procedures

For ex-pats and other United States taxpayers with foreign bank accounts, understanding the Report of Foreign Bank and Financial Accounts (FBAR) and other informational filing requirements is essential. Failing to file an FBAR when required can result in hefty fines and even criminal penalties.Fortunately, the IRS’s Streamlined Filing Compliance Procedures can help you correct past […]