Sunday, June 26, 2016

FBARs are Due June 30th | Bethesda Tax Lawyer

It's your annual friendly reminder that the 2015 FBAR (FinCEN Form 114) is due June 30th.  If you are a US resident for tax purposes, and you have foreign assets, there is a good chance you need to file this form.

The FBAR is now filed electronically on the BSA website. You can find the form and filing instructions, here.

The penalties failing to file the FBAR are steep.  If you have any foreign accounts and do not think you are required to file; at least contact someone to verify that you are correct.

For a free phone consultation regarding the FBAR, or other tax matters, please contact the Law Office of Aaron P Richter,  a Bethesda-based law firm with expertise in Tax Controversy, Business Formation, Estate Planning, and Tax Preparation.

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