U.S. Supreme Court Decision: FBAR Penalty Imposed Per Report, Not Per Account
In a decision that could benefit American citizens residing abroad or holding assets overseas, the US Supreme Court has reduced the federal penalties associated with the non willful failure to file mandatory reports that disclose foreign bank accounts.
IRS Voluntary Disclosure Program Update for Owners of Digital Assets
Please join us virtually on Thursday, March 2, 2023 at 8:30 am for the next San Francisco ITAX meeting