FBAR & Foreign Disclosures


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FBAR Penalties: What Happens If You Dont File the FBAR?

FBAR Penalties: What Happens If You Don’t File the FBAR?

The FBAR, or Foreign Bank Account Report, is a form that must be filed annually by individuals who have foreign financial accounts with a total combined balance of $10,000 or more. Failure to file can result in significant FBAR penalties for individuals to understand their obligations and how to avoid penalties.

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