Court Holds That Liability for FBAR Civil Willful Penalty Survives Death

FBARs and Banking /

1. FBAR stands for the Foreign Bank Account Report and speaks to the responsibility of certain US persons to disclose foreign financial interests (even mere signing authority). 2. The responsibility for filing FBARs is not new.  It dates back to 1970. 3. FBARs have nothing to do with FATCA.  FATCA has just made it easier […]

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