L-1 Amending Return for Foreign Assets: Compliance Questions Discovering that you omitted foreign bank accounts, investments, or passive income from past U.S. tax returns requires prompt corrective action. For...
L-1 With Late FBAR Filing: Penalty Review Failing to submit FinCEN Form 114 (FBAR) on time is a frequent compliance issue for L-1 visa holders. The Treasury Department enforces...