Why Treasury Should Exempt U.S. Citizens Resident Outside The United States From FBAR Filing

OMB Control No: 1506-0009 / ICR Reference No: 202403-1506-001 / Federal Register: 2024-06697 Reports of Foreign Financial Accounts Regulations and FinCEN Form 114, Report of Foreign Bank and Financial Accounts […]

U.S. FBAR And Form 8938 Penalties May Be A Bigger Problem For U.S. Residents Than Canada’s Underused Housing Tax

Introduction The complete podcast discussion between @Expatriationlaw and @Tpsmyth01 which discusses legal challenges to Canada's Underused Housing @citizenshiptax is here https://t.co/AuiPWKQUgs — John Richardson – Counsellor for US persons abroad […]

Podcast: In FBAR We “Trust” Part 4 – When ”Beneficial Ownership” Without Legal Title Constitutes A Financial Interest And Triggers An #FBAR Requirement

Introduction This is the fourth of a series of four posts exploring some of the more difficult and “interesting” areas of (possible) FBAR obligations.The first post explains the FBAR filing […]