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Tag Archives: FBAR

Supreme Court to Settle FBAR Penalty Controversy

Bittner v. U.S. has been scheduled onto the Supreme Court’s fall calendar, which will be crucial in resolving the Fifth Circuit and Ninth Circuit split on the penalty of violating FBAR A.K.A. Foreign Bank and Financial Accounts Reporting filing requirements.… Continue reading

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IRS Reporting Deadline Approaches for Foreign Bank Accounts (FBAR)

Who Must File a FBAR
United States persons are required to file a FBAR by June 30th of the year immediately following the calendar year being reported (extensions are not granted) if:

  • They had a financial interest in or signature
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