Oops… Made a Mistake on an FBAR?
Virginia La Torre Jeker, J.D.
US International Tax (NY Bar 1984- current), Forbes Contributor, Forbes, Top 100 Tax Twitter Accounts; Bloomberg Tax Pro to Follow and Bloomberg Tax Author; Quoted NYT, WSJ, Newsweek
When someone has previously filed an?FBAR?but mistakenly provided incomplete or inaccurate information on the form, an amended FBAR can be filed. Today's post looks at the details - For example, how far back should the filer go to correct FBAR errors? Might the error or omission raise issues of having been "willfully" noncompliant? Was any income omitted from the tax return with regard to the offshore account? How does the filer go about filing an amended FBAR?
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