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Accounting & Business Advisors | Certified Public Accountants

Tax Tip #8, FBAR

Published Tuesday, November 5, 2019 8:30 am

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Did you know if you have a foreign bank account that exceeds $10,000 at any time during the calendar year you must file an FBAR with your tax return? The penalties for not filing can exceed $10,000!

If you want to file or are uncertain whether you are required to file an FBAR, please give Liza Vasyliv a call at (770)287-7800 to discuss your situation and the best way to proceed. Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!

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