FBAR Blog: Foreign Bank & Financial Accounts Compliance

Featured FBAR Blog Post

What is the 2025 Deadline FBAR Filing, Can I File Late?

Contents1 2025 FBAR Filing Deadline 2 Who Files the FBAR? (US Persons)3 When is the FBAR Due? (October 15 Deadline)4 What […]

What is FinCEN Form 114: A Guide to Completing Your FBAR

Contents1 Is FinCEN Form 114 the Same as FBAR?2 Who is a U.S. Person Individual for FBAR Purposes?3 What Is […]

IRS Streamlined Domestic Offshore Procedures 2025 (SDOP)

Contents1 Streamlined Domestic Offshore Procedures2 Non-Willfulness Requirement3 Taxpayer is Not Under Audit or Already Penalized4 Previously Timely Filed U.S […]

IRS Streamlined Foreign Offshore Procedures 2025 (SFOP)

Contents1 Streamlined Foreign Offshore Procedures 2 Non-Willfulness Requirement3 Taxpayer is Not Under Audit or Already Penalized4 Foreign Resident 330-Day Rule […]

New (2025) Streamlined Filing Compliance Procedures for FBAR

Contents1 Streamlined Filing Compliance Procedures2 Non-Willfulness Requirement3 Taxpayer is Not Under Audit or Already Penalized4 Domestic Streamlined Filing Requirements5 […]

What are Delinquent FBAR Procedures and How to Submit

Contents1 Delinquent FBAR Submission Procedures Explained (Examples)2 How to Qualify for the Delinquent FBAR Submission Procedures3 Important Tip: Not Required […]

How Should You File Late FBARs if You Missed the Deadline?

Contents1 Missed the Deadline for Filing FBAR?2 First, Taxpayers Must be Non-Willful to Qualify for These Programs3 Streamlined Offshore Procedures […]

How Tax Pros & Clients Find Themselves in FBAR Trouble

Contents1 How Tax Pros & Clients Find Themselves in FBAR Trouble2 First, Taxpayers and Tax Professionals Can Both Get into […]

What are the Requirements for FBAR Filing in 2025, Examples

Contents1 FBAR Filing 2024/20252 First, a Quick FBAR Intro3 Bank Accounts4 Pooled Funds (Account vs No Account)5 Foreign Life […]

A Simple FBAR Filing Guide: Foreign Account Reporting Requirements

Contents1 FinCEN 114: A Simple Reporting Foreign Bank Account Guide2 First, a Quick FBAR Intro3 Bank Accounts4 Pooled Funds (Account […]

What’s New with FBAR: Who Must File, When, How and Why

Contents1 What’s New with FBAR?2 First, a Quick FBAR Intro3 Bank Accounts4 Pooled Funds (Account vs No Account)5 Foreign Life […]

FBAR Penalties 2025: Failure to File, What You Should Know

Contents1 FBAR Penalties2 First, Non-Willful vs Willful Penalties3 Criminal FBAR Penalties are Rare4 Failure to File (Non-Willful)5 Missed an Account […]

New Foreign Income & Asset Reporting Penalty Examples 2025

Contents1 Foreign Asset Tax & Reporting Compliance 2 Pre-IRS Foreign Penalty Assessment3 FBAR Penalty Assessment4 IRS International Reasonable Cause Penalty Abatement5 […]

OVDP or FBAR Streamlined: Which Offshore Program is Best?

Contents1 OVDP or Streamlined2 First, What is OVDP/VDP3 Willfulness and OVDP/VDP4 Streamlined Procedure Non-Willfulness Requirement5 Taxpayer is Not Under Audit […]

2024 Deadline for FBAR is Coming Soon, When is FBAR Due?

Contents1 FBAR Filing Requirements & the IRS2 Who Has to File an FBAR?3 What is Reported on the FBAR?4 When […]

Explaining FBAR Basics in Under 10 Minutes, FBAR Fundamentals

Contents1 Explaining FBAR Basics in Under 10 Minutes2 Who is a US Person for FBAR Purposes?3 What Is a […]

Primer on Schedule B, Foreign Accounts and Willful/Non-Willful

Contents1 Understanding Schedule B and Foreign Accounts2 What is Schedule B for Form 1040?3 Part III Foreign Accounts and Trusts4 […]

Who Should Not Make an IRS Streamlined FBAR Disclosure?

Contents1 Who Should Not Make an IRS Streamlined FBAR Disclosure?2 Taxpayer is Willful3 Taxpayer Did Not File Original Tax Returns […]

Do You File FBAR for Foreign Retirement Plans, 4 Examples

Contents1 Do I File FBAR for My Overseas Retirement Plans?2 First, Employment Retirement vs Personal Retirement3 Treaty vs Non-Treaty4 Form […]

Examples of FBAR Willfulness and Non-Willfulness, New Cases

Contents1 Examples of FBAR PenaltyWillfulness and Non-Willfulness2 Totality of the Circumstance Test3 Intent Is Not Required for FBAR Willfulness4 Reckless […]

When Does the IRS Audit Taxpayers for FBAR, 5 Scenarios

Contents1 FBAR Audits2 Intentionally Unreported Foreign Income3 Willfully Unreported Foreign Accounts Assets4 Incomplete FBAR/FATCA5 Misrepresenting U.S. Person Status to Foreign […]

9 Top Questions to Ask an FBAR Lawyer Before Hiring Them

Contents1 9 Top Questions to Ask an FBAR Lawyer2 First, Is the Attorney Board-Certified in Tax Law?3 Is the CPA […]

Foreign Account Quiet Disclosure (FBAR), A Guide for Taxpayers

Contents1 FBAR Quiet Disclosure2 Research and Rabbit Holes3 10 Quiet or Silent Disclosure Risks4 Quiet Disclosure is Illegal5 The Penalties […]

FBAR Blog & Foreign Account Compliance