The Foreign Account Tax Compliance Act is fundamental as it affects how you report your finances, especially as an expat abroad. FATCA is why you may need to file a Report of Foreign Bank and ...

For more information on FBARs, see Primer For First Time FBAR Filers. As June 30 gets closer, should you file your first FBAR? An FBAR, or Report of Foreign Bank and Financial Accounts, Treasury Form ...

A district court granted summary judgment against a taxpayer, enabling enforcement of civil penalties for nonwillful failure to timely report his financial interest in certain foreign bank accounts.

VICENZA, Italy -- Working and living on an overseas installation presents an entirely new realm of financial responsibilities. For those who choose to keep money in Italian or other foreign banks, you ...

Those who choose to keep money in foreign banks may need to file a Report of Foreign Bank and Financial Accounts Report (FBAR). The FBAR is a tool used by the federal government to identify persons ...

The Foreign Bank Account Report (FBAR), officially known as FinCEN Form 114, is a critical requirement for U.S. citizens, Green Card holders, and other U.S. persons with financial interests in foreign ...

The Court of Federal Claims ruled that a taxpayer’s failure to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), was willful, as she concealed her income and avoided learning ...