Part I: FBAR – Common Tax Issues Faced by U.S. People Living Abroad
September 23, 2016
In the overview of the series, we advised that in addition to filing income tax returns, U.S. citizens residing outside the U.S. need to file various reports in respect of foreign holdings. Failure to file these reports can result in onerous penalties. In part I of the series, we will discuss the requirements to file the FBAR Form 114. I. Foreign Bank and Financial...
