IRS Focuses on the FBAR
Article:
FBAR has graduated from a little-known filing requirement to a priority issue that should be at the top of every tax return preparer’s checklist
Published on January 28, 2011
FBAR Handle With Care
Article:
Failing to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), can result in severe civil and/or criminal penalties
Published on May 16, 2012
FBAR Extended for Certain Persons
Article:
...foreign bank accounts, the maximum value of which in aggregate is over $10,000 at any time during a year, must file a Form TD F 90.22-1, FBAR, by June 30 of the following year. Recent changes to
Published on January 28, 2011
FBAR Penalties Reduced for Six Months
Article:
The IRS has provided a framework for voluntary disclosure requests containing offshore issues, such as previously undisclosed foreign financial accounts and entities.
Published on January 28, 2011
IRS and FinCEN Extend FBAR Deadlines for Certain Filers
Article:
The IRS has further extended the deadline for certain persons to file an FBAR form for 2009 and earlier years. U.S. persons with a financial interest in, or signature authority over, any financial accounts in a foreign country must file an FBAR...
Published on January 13, 2012
IRS Extends FBAR Filing Date for 2008 Filings
Article:
...62 that it is extending for certain taxpayers the due date for filing calendar-year 2008 Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR). Because Treasury is still working out various FBAR filing issues, it has decided to give certain taxpayers until
Published on January 28, 2011
AICPA News Update - March 2, 2012
Newsletter:
In this issue: Mandatory FBAR E-filing Postponed, Panel Recommends Changes to IRS Correspondence Audits, Free Practice Aid Now Available for Yellow Book Independence Requirements, We Want Your Quotes: Tell Us What the AICPA...
Published on March 09, 2012
AICPA News Update Vol.12 No.31
Newsletter:
IRS Extends FBAR Filing Deadline for Certain Persons, Biggest Changes to Compilation and Review Services Since 1978 May Be Ahead; Hear What’s Proposed, Follow XBRL from Birth to Present; AICPA Releases...
Published on June 24, 2011
Taxpayer Liable for Willful Violation of FBAR Requirements
Article:
The Fourth Circuit held that a taxpayer had willfully violated the foreign bank account reporting requirements for two foreign bank accounts.
Published on September 30, 2012
AICPA News Update Vol.12 No.24
Newsletter:
IRS Temporarily Relieves Foreign Taxpayers of June 30 FBAR Filing Requirement; Deadline Remains for Others, Members in Business and Industry: FASB’s GAAP Codification Launches July 1, FASB Issues Two New Standards on Securitizations, Special-Purpose Entities, Auditing...
Published on June 24, 2011
Report on Foreign Bank and Financial Accounts Compliance and Controversy
Article:
In recent months, concern over who is required to file the FBAR has escalated among taxpayers and tax practitioners alike. Along with stepped-up enforcement by Treasury and the IRS, this has made for a very interesting and challenging period in...
Published on January 28, 2011
While You Were Filing ...
Article:
The following bills were signed into law during filing season. Provisions warranting immediate attention are noted along with links to sources of additional information (a thorough discussion of each is beyond the scope of this article).
Published on January 28, 2011
Are Hedge Funds and Private Equity Funds Foreign Financial Accounts
Article:
This item discusses whether investments in or management of hedge funds and private equity funds should be included within the scope of the FBAR filing requirements
Published on April 17, 2012
AICPA News Update Vol. 14 No. 30
Newsletter:
AICPA Supports IRS's Current Tax Preparer Program
Published on July 21, 2011
AICPA News Update Vol. 14 No. 24
Newsletter:
IRS Issues Final Circular 230 Regulations for Tax Return Preparer Registration Program
Published on June 29, 2011