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Accounting & Business Advisors | Certified Public Accountants

Tax Tip #25, FBAR Penalties

Published Tuesday, April 7, 2020 8:30 am

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If you have bank accounts, securities or other financial accounts in a foreign country, you could be assessed an inflation-adjusted penalty for failure to file a Report of Foreign Bank and Financial Accounts (FBAR).

For more information, contact Liza Vasyliv by calling (770) 287-7800 or email lvasyliv@rushtonandcompany.com. Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!

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