How the FBAR & Foreign Asset Landscape Has Changed (Examples). GOLDING & GOLDING, BOARD-CERTIFIED TAX LAWYER SPECIALIST TEAM.| International Tax Lawyers - IRS Offshore Voluntary Disclosure
Foreign Asset & FBAR Tax Reporting Compliance Requirements (2025). GOLDING & GOLDING, BOARD-CERTIFIED TAX LAWYER SPECIALIST TEAM.| FBAR: Foreign Bank & Financial Accounts | International Tax
U.S. persons and their tax return preparers should be aware that U.S. persons who create a foreign trust, or have transactions with a foreign trust, can have both U.S. income tax consequences, as well as information reporting requirements. Failure to satisfy the information reporting requirements can result in significant penalties, as well as an extended time to assess any tax imposed with respect to the period to which the information relates.| www.irs.gov
When you are ready to set up an offshore trust, IRS has strict reporting requirements that need to be followed.| Blake Harris Law
The Form 8938 filing requirement does not replace or otherwise affect a taxpayer’s obligation to file FinCEN Form 114 (Report of Foreign Bank and Financial Accounts). Unlike Form 8938, the FBAR (FinCEN Form 114) is not filed with the IRS. It must be filed directly with the office of Financial Crimes Enforcement Network (FinCEN), a bureau of the Department of the Treasury, separate from the IRS.| www.irs.gov
FBAR (Foreign Bank & Financial Account Reporting) Explained. Almost Everything to Know for Reporting Foreign Bank & Financial Accounts.| International Tax Attorney | IRS Offshore Voluntary Disclosure
Important Differences Between FATCA & FBAR Requirements. GOLDING & GOLDING, BOARD-CERTIFIED TAX LAWYER SPECIALIST. FATCA & FBAR Requirements.| FBAR: Foreign Bank & Financial Accounts | International Tax