FBAR FILINGS/PENALTIES/APPEALS AND
IRS FOREIGN INFORMATION FORMS AND FOREIGN TAX FORMS
FBAR Filings / Penalties / Appeals (FinCEN Form 114); and IRS Foreign Information Returns and Foreign Tax Forms.
Contact Us prior to dealing with FBAR (FinCEN 114) issues.
FBAR penalties : Those who fail to timely file a complete and correct FBAR may be subject to civil monetary penalties, criminal penalties, or both, depending on the specific circumstances.
For willful violations, the penalty may be the greater of $100,000 or 50% of the balance in the account at the time of the violation, for each violation.


