Any individual or business with assets north of US $10,000 must annually declare holdings to the feds. It’s known as the Foreign Bank Account Report. If you’re unfamiliar with FBAR rules and regulation, contact our team. We’ll walk you through the process and develop a plan to make amends for delinquent reporting requirements.
Anyone with overseas accounts must file an annual FBAR report. Click through to read about a taxpayer who failed to do so and got sued for over a million.
Read »
Here's the story of a doctor from Florida who failed to file FBAR reports. Now she could be out millions. We discuss the case and implications.
Read »
Many people think they can get away with the "I didn't know!" defense when hit with an FBAR violation claim. But it usually doesn't work.
Read »
Taxpayers with money in overseas accounts MUST report it to Uncle Sam every year. This is a story of what happens when you fail to comply.
Read »
You have signatory authority for an overseas work account worth more than $10,000. That means you must file FBAR paperwork with the federal government.
Read »
Taxpayers with overseas accounts with a cumulative total of $10,000 or more must adhere to FBAR reporting rules. Discussion of FBAR standards.
Read »
A lot of people have been asking: Must I declare crypto holdings sitting in overseas exchanges and wallets? Jump in to explore the issue.
Read »
People and businesses with overseas holdings totaling more than $10,000 must file FBAR tax paperwork. Failing to do so can lead to jail.
Read »
The Internal Revenue Service requires individuals and businesses to disclose foreign asset holdings yearly. Are you compliant?
Read »© 2019 Gordon Law Group. All Rights Reserved.
The Supreme Court of Illinois does not recognize certifications of specialties in the practice of law and the certificate, award or recognition is not a requirement to practice law in Illinois. The information on this website is for general purposes only and should not be interpreted to indicate a certain result will occur in your specific legal situation. The information on this website is not legal advice and does not create an attorney- client relationship
