international tax

If you cannot come to an agreement in resolving the issue in the IRS examination stage, you still have a right to appeal your FBAR penalty.

An area of difficulty that has arisen with regard to FBAR cases is the ambiguity of penalties potentially faced by an individual in violation of disclosure requirements.

There are many informational forms associated with international taxes and I am not sugar-coating this — they are complicated.

The acronym FBAR stands for Foreign Bank Account Report and refers to a disclosure form that must be filled out by certain taxpayers with respect to financial accounts maintained abroad.