Significance Of Filing FBAR Forms Correctly

The IRS (Internal Revenue Service) in order to collect the taxes from overseas incomes has strengthened its processes and surveillance for international income disclosure. One of the enhanced processes comprise of elements such as the examination of FBAR,... More

The IRS (Internal Revenue Service) in order to collect the taxes from overseas incomes has strengthened its processes and surveillance for international income disclosure. One of the enhanced processes comprise of elements such as the examination of FBAR, i.e. Foreign Bank and Financial Accounts rules and greater disclosure of foreign information. Less