2 ms·
You are ignoring the $10,000-per-year fines for failing to file FBAR forms that spooked a lot of expats with small companies abroad.
by fierarul 10y ago
You are ignoring the $10,000-per-year fines for failing to file FBAR forms that spooked a lot of expats with small companies abroad.
- moonshinefe 10y agoI don't believe so, my last sentence mentions I acknowledge filing forms to a different country is annoying and an additional burden. It's certainly not the US only who penalizes people for not filing legally required tax forms on time.
- fierarul 10y agoThe IRS had several amnesty programs FBAR-related because so few people knew about them, even those that did send their tax papers as required!