March 17, 2011 - Phil Hodgen

A better-than-expected FBAR amnesty result

From an anonymous correspondent, a bit of bright news on the FBAR front.

Taken down at the request of my correspondents.

Congratulations. I’m glad you obtained a decent result.

I’m not sure whether this result will still work for the rest of us, given the current environment in which we see a zealous refusal to consider any alternative but FAQ #35. Absolutely, however, use this idea to your advantage if you can.

For those of you still out there and in the pipeline, also remember this. Results that you get from one Revenue Agent may not be obtained from another. Take William Gibson‘s admonition to heart: “The future is already here–it’s just not very evenly distributed.” IRS procedures? Same-same.

Voluntary Disclosure