The form for reporting foreign bank and financial accounts, or FBAR, must be filed by June 30 through the BSA E-Filing System, the IRS is reminding taxpayers. For 2014, FBARs must be e-filed using the ...

Thousands of US executives discover they’ve missed filing Foreign Bank Account Reports (FBARs). Many had no idea the ...

Missing a filing deadline is not something to take lightly, especially when the IRS, the Financial Crimes unit of the Treasury Department, and the Justice Department are all over FBARs these days.

Practitioners must consider a number of ethics and risk management issues when preparing and filing FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). At the outset, it is ...

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If you have foreign financial accounts and you missed submitting one key form to the IRS, the resulting penalties could be harsh. Wait … it’s June. You thought you were done with your taxes this year.