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Tax Tip #25, FBAR Penalties

April 07, 2020

local accounting firms near me - Certified Public Accountant Liza Vasyliv Tax Tips IMGIf 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 Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!