FOREIGN BANK ACCOUNT REPORT (FBAR)
The U.S. government is aggressively pursuing individuals and entities that have income or assets outside the U.S. who have not disclosed and reported these assets or have paid U.S. taxes in connection with these assets. These rules apply to all U.S. taxpayers and green card holders living domestically and abroad or to a foreign national residing in the U.S. with foreign income, foreign bank accounts, or financial assets. These taxpayers may be required to disclose their assets on U.S. FinCEN Form 114, Report of Foreign Bank and Financial Accounts (“FBAR”). We can assist you in the disclosure process and with applying for any voluntary disclosure programs available to you.