FBAR Filings Are Electronic This Year

FBAR Filings Are Electronic This Year

Major Change to FBAR This Year – Its Electronic FBAR has became a great revenue source for the US Govt. in last few year.  Although there is no tax revenue…

Didn’t file fbar. What should I do ?

Didn’t file fbar. What should I do ?

IRS Wins Foreign Account Case Over Former Mobil Senior Executive

IRS Wins Foreign Account Case Over Former Mobil Senior Executive

IRS (Internal Revenue Service) has achieved a great victory over the former Mobil senior executive Bryan Williams. He was alleged in a case of offshore tax evasion. He concealed foreign…

Will Mitt Romney (Republican) File for OVDI 2012 ?

Will Mitt Romney (Republican) File for OVDI 2012 ?

The easiest way to evade tax and pile personal savings is to tuck away money in offshore / overseas accounts. Mitt Romney, the republican presidential candidate is currently enjoying attention…

FBAR Solutions for Indo American Citizens and Residents

FBAR Solutions for Indo American Citizens and Residents

American Indians are curious to learn how FBAR impacts their investment in India and Other countries.   Many Indo American tax payers are still unaware of new US regulations and those who…

Offshore Disclosure Program Makes $5 Billion (Infographics)

Offshore Disclosure Program Makes $5 Billion (Infographics)

In this cool inforgraphics, you can easily see why FBAR is such a big deal.  IRS has made over $5 billion dollars from off shore volunteer disclosure scheme. That is…

Do I need to file FBAR if I didn’t earn any interest ?

Recently a gentleman asked a simple question,”Do i need to file FBAR ?”. And we asked him few other questions: Do you live in United States (Citizen, Green Card Holder,…

FBAR | Forign Bank Account Reporting: June 30th 2012

FBAR | Forign Bank Account Reporting: June 30th 2012

FBAR | Forign Bank Account Reporting Deadline June 30th 2012 If you live in San Francisco Bay Area, you must have heard Sanjiv Gupta CPA talk about FBAR filing.   Sanjiv…