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I Missed the 2016 FBAR Filing Deadline – Now What?

I Missed the 2016 FBAR Filing Deadline – Now What?

Filing FBAR and other disclosures of offshore accounts is simply an obligation that many Americans and American expats have become accustomed to satisfying. While the obligation can be complex and difficult to understand, many people do their best to maintain...
Willfulness in the Context of Failing to File an FBAR

Willfulness in the Context of Failing to File an FBAR

Failing to file an FBAR carries a steep penalty—$10,000 per account per year in most instances, or the greater of $100,000 or 50% of the account balance for violations that are deemed willful. A willful failure to file an FBAR may also result in criminal...