- What exactly is an FBAR? (Report of Foreign Bank and Financial Accounts)
- What are the common characteristics of the FBAR voluntary disclosures that have been made to date?
- Why should you consider making a Voluntary Disclosure even though the FBAR Voluntary Disclosure program ended October 15, 2009?
- How likely am I to be criminally prosecuted where I missed the October 15, 2009 deadline and subsequently decide to make a Voluntary Disclosure?
- What are the required elements to make a valid Voluntary Disclosure given that the FBAR Voluntary Disclosure program ended October 15, 2009?
- What if the taxpayer has already filed amended returns reporting the additional unreported income, without making a Voluntary Disclosure (i.e., quiet disclosure)?
- What are some of the criminal charges I might face if I do not come in under voluntary disclosure and the IRS finds me?
- The following is a summary of potential reporting requirements and civil penalties that could apply to a taxpayer, depending on his or her particular facts and circumstances.
- Given that the FBAR Voluntary Disclosure program containing limited civil penalties ended October 15, 2009 and the potential civil penalties delineated above, what is the maximum I am likely to pay if I make a voluntary disclosure related to my foreign account in order to limit my exposure to criminal prosecution?
- Given that the expired FBAR Voluntary Disclosure program generally limited the requirement to amend previously filed returns to six years, how many years will I be required to amend if I make a Voluntary Disclosure?
- When determining the highest amount in each undisclosed foreign account for each year or the highest asset balance of all undisclosed foreign entities for each year, what exchange rate should be used?
- If I do not have the ability to full pay can I still participate in the IRS's Voluntary Disclosure Practice?
