Feigenbaum Law

Foreign Bank Accounts Reporting Form

Real estate tax

Corporate Tax Planning

Current Developments Affecting The Foreign Bank Reporting Form (FBAR) And Filing Requirements

An interesting tax case regarding the Foreign Bank Accounts Reporting Form (FBAR) and the associated penalty for non-filing has been prominent in the news recently. The Report of Foreign Bank and Financial Accounts filing requirement was introduced by the Currency and Foreign Transactions Reporting Act of 1970, also identified as the Bank Secrecy Act (Title 31 of the United States Code). The purpose of the requirement is to obtain information that would be useful in… Read More