Expat Tax Online Announces Expert Guidance for U.S. Citizens in Australia on IRS Reporting Requirements for Superannuation Accounts

If you’re a US citizen living in Australia, superannuation can feel deceptively simple. It’s just retirement savings.
JournalofAccountancy

IRS Changes FBAR Reporting Requirements for June 30, 2009

June 30 is the deadline for filing the current year Report of Foreign Bank and Financial Accounts, Treasury Form TD F 90-22.1 (FBAR). “United States persons” having a financial interest in or ...
East Oregonian

From the Tax Law Offices of David W. Klasing – When is the IRS Likely to View Your Failure to file Foreign Bank Account Reporting (FBAR) as Criminal Verus Merely Negligent

Under the Bank Secrecy Act, U.S. taxpayers must file an FBAR (FinCEN Form 114) if their foreign financial account balances exceed $10,000 in aggregate at any point during a calendar year. A failure to ...
JD Supra

US Taxpayers and Expatriates May Need to File Offshore Disclosures and FBARs

How many U.S. taxpayers and expatriates may need to file offshore disclosures and FBARs with the IRS? Should those who have not yet filed a disclosure application utilize the VDP (Voluntary Disclosure ...
JournalofAccountancy

Report of Foreign Bank and Financial Accounts: Significant Revisions and Severe Penalties

In September 2008, the IRS website posted revisions to the Report of Foreign Bank and Financial Accounts (Form TD F 90-22.1) that surprised many practitioners. This article discusses new traps for the ...
WGNO

From the Tax Law Offices of David W. Klasing - When is the IRS Likely to View Your Failure to file Foreign Bank Account Reporting (FBAR) as Criminal Verus Merely Negligent

Under the Bank Secrecy Act, U.S. taxpayers must file an FBAR (FinCEN Form 114) if their foreign financial account balances exceed $10,000 in aggregate at any point during a calendar year. A failure to ...