Filing Delinquent FBARs

Posted on: August 21, 2014 | By: Stephen Dunn | Bank Secrecy Act, Delinquent FBAR Submission Procedures, FBARs, Foreign Accounts Compliance

Congress enacted the FBAR filing obligation, and the draconian penalty for failure to discharge the obligation, to curb the use of foreign accounts to evade U.S. income tax. ...