Posts Tagged ‘undisclosed bank account’

Possible change to FBAR amnesty procedures

Posted on July 27, 2009, 11:38 am, by admin, under 2009 FBAR Amnesty, International tax audits and enforcement.

Rumor has it that the IRS is re-thinking its procedures for processing voluntary disclosure applications. Yeah, the same old topic – people with hidden offshore bank accounts wanting to Come to Jesus. Up to now the early dance steps have been: Written disclosure filed with the local IRS Criminal Investigations unit; Interview by a couple [...]

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Late FBAR filing and penalties

Posted on November 12, 2008, 10:28 am, by Phil, under 2009 FBAR Amnesty, Foreign investors and tax, International tax audits and enforcement.

Undeclared foreign bank accounts. It’s a common question. “I have this foreign bank account, but I haven’t been declaring it by filing Form TD F 90-22.1.? [PDF] What should I do?” The short answer is clean it up. All of it. First things first. Form TD F 90-22.1 is commonly known as an FBAR, for [...]

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