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!