FBAR: Accurately answering the foreign account question on Schedule B Form 1040 is critical. It can have significant legal ...

Do you file the FBAR with your tax return? You don’t file Form 114 with your federal income tax return. It is only filed with FinCEN through the BSA E-Filing System. However, you still might ...

Those who choose to keep money in foreign banks may need to file a Report of Foreign Bank and Financial Accounts Report (FBAR). The FBAR is a tool used by the federal government to identify ...

The Tax Court held that FBAR penalties are not a tax imposed by the Code and, therefore, are not subject to the requirements of Secs. 6320 and 6330. Facts: Stephen C. and Judy A. Jenner were assessed ...