New U.S. Citizen Filed Without FBAR: What Should Be Reviewed? It is common for new citizens to submit their Form 1040 income tax returns while entirely missing the separate...
H-1B Late FBAR Filing: What Should Be Reviewed? Failing to file an FBAR on time exposes H-1B visa holders to severe federal penalties, but specific IRS relief procedures can...
 Green Card Holder Late FBAR Filing: Penalty Questions Green Card holders who hold foreign bank accounts exceeding $10,000 in aggregate face mandatory annual FBAR (FinCEN Form 114) filings. Missing...
O-1 Late FBAR Filing: Penalty Review O-1 visa holders who retain financial accounts in their home countries often discover the Foreign Bank and Financial Accounts (FBAR) requirement after the...