If your annual tax return is complicated by FBAR filing requirements, that’s all the more reason to contact Munoz & Company, CPA. As a longtime tax preparation specialist, I’m thoroughly qualified to assist with your needs for foreign bank account reporting, including amended or delinquent FBAR filings.
When you have personal or business financial accounts outside of the U.S., it’s essential to fully comply with IRS FBAR guidelines. Failure to submit an accurate report of foreign bank and financial accounts can result in costly FBAR penalties and even criminal charges for intentionally evading FBAR reporting rules.
FBAR filing is a must for:
- U.S. citizens, residents, and certain corporate entities
- Those with at least one foreign financial account
- Foreign account holdings worth more than $10,000
Whether your foreign assets are held in bank accounts, brokerage accounts, mutual funds, or trusts, you’re obligated to properly report them through an FBAR filing separate from your yearly tax return. Thanks to recent changes from the IRS, FBAR reporting is now easier, as is the process to resolve FBAR penalties. Don’t hesitate to reach me for expert services in foreign bank account reporting. I’m happy to help in any way I can!
In and around Tampa, you can count on Munoz & Company, CPA, to get your FBAR filing in precise order and put an end to costly FBAR penalty problems. For the IRS FBAR services you need, call me right away at (813) 425-1916. Your first consultation is free!
