Mel Whitney

FATCA and CRS are two automatic financial account reporting systems that run in parallel. ...

Most late FBAR cases do not automatically lead to maximum penalties. The biggest risk factor is whether the IRS sees the failure as non-willful or willful. ...

An FBAR — Report of Foreign Bank and Financial Accounts, officially FinCEN Form 114 — is an annual disclosure to FinCEN listing your foreign financial accounts once their combined value passes $10,000. It isn...

If you hold money outside the US, two separate reporting rules may apply to you. ...

If you are a US person and your aggregate foreign financial account balances exceeded $10,000 at any point during the calendar year, you must file ...

You can amend an FBAR at any time by filing a corrected ...