$500K FBAR Penalty Upheld by District Court: What Taxpayers Should Know
December 11, 2025
A District Court recently affirmed that a taxpayer who failed to file multiple years of required Reports of Foreign Bank and Financial Accounts (FBARs) must
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Who Needs to File an FBAR: Demystifying the Filing Requirements
September 19, 2023
The Financial Crimes Enforcement Network (FinCEN) requires certain individuals to file a Report of Foreign Bank and Financial Accounts (FBAR) to disclose their foreign financial
SBA 2020 Economic Injury Relief Loans
March 24, 2020
As a part of the Coronavirus Preparedness and Response Supplemental Appropriations Act enacted on March 6th, 2020, the U.S. Small Business Administration (SBA) is offering
IRS Begins Sending Letters to Virtual Currency Owners Regarding Unreported Transactions
August 23, 2019
On July 26, 2019, the Internal Revenue Service (IRS) announced that it has begun to issue warning letters to taxpayers suspected of failing to meet