Becoming Compliant with FBAR (And Why You Should)

In recent years, the IRS has been taking a closer look at Form TD F 90-22.1, otherwise known as FBAR. The filing requirements for FBAR are confusing, but it is important to meet those requirements in order to help avoid an audit. Here are some of the guidelines you should follow when you are filling out your annual report of foreign financial accounts. Who FBAR applies to All U.S. persons - … [Read more...]